Net income attributable to shareholders nearly doubled in the second quarter to €369 million ($419 mm) from €190 million helped by expanding margins and lower spending, as revenues increased 2% to €5,952 million ($6,764 mm) up from €5,822 million. Constant currency revenues increased 8%, as the strengthening euro against the dollar and other currencies hit the top line by about €300 million. Excluding last year’s Yeezy clearance, Adidas brand sales jumped 12% CC.

Footwear sales dipped 3% to €3,476 million, but were 3% higher CC and up 9% ex. Yeezy, with strength ... Log in to view full article.