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Article Date: August 2021
Word Count: 971

Adidas Posts Strong Q2 and Raises Guidance


Profit attributable to shareholders was €397 million in the second quarter, against a loss of €295 million last year, but still trailing Q2 ‘19’s net by 25%, while revenues jumped 51% to €5,077 from €3,352, and were just 8% down from two years ago. Some of the impact was due to the rising euro, however, and constant currency sales gained 5% from Q2 ‘19. Wholesale and brick-and-mortar DTC both grew at a high-double-digit rate, lapping last year’s store closures in most markets, but DTC digital was off 14% after last year’s 93% increase. Sales gains were strongest in running and ... Log in to view full article.

 


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