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Article Date: November 2018
Word Count: 649

Adidas Rolling on Strong U.S., China, E-commerce Growth

Despite a troubling slowdown in Western Europe, Adidas reported strong results in its key strategic priorities as net income rose 25% to €658 million ($765 mm) from €526 million for the third quarter ended Sep. 30 on a 3% increase in revenue that would have been 8% currency neutral to €5,873 million ($6,829 mm) compared to €5,677 million. The surge was led by the Adidas brand, of course, and while Reebok revenues were down it greatly improved gross margin and operating profit at Ex-Numero Uno. Growth was relatively balanced with sneaker sales up 3% to €3,363 million from €3,266 million, ... Log in to view full article.


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