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Article Date: November 2019
Word Count: 736

Comping Big Yeezy Quarter, Adidas Net Dips on 9% Sales Gain


Net income was down 2% to €646 million ($717.3 mm) from €658 million for the quarter ended Sep. 30 as sales rose to €6,410 million ($7,117.5 mm) from €5,873 million that would have been up 6% constant currency. The quarter was marked by double-digit growth in North America and China as well as a return to growth in Europe as the Big a took more aggressive pricing measures there to combat the dreaded Eager Beavertons. Apparel was the main driver in Q3 as sales jumped 17% to €2,625 million from €2,249 million while sneaker sales gained 4% to €3,489 million ... Log in to view full article.

 


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