Adidas’ Yeezy Windfall Gives Q2 a Boost
The Big a’s second quarter results came in decidedly better than dire predictions had augured, helped by strong sales of Yeezy stock that benefitted both top and bottom lines, with more of the leftover product dropping in Q3. Net income attributable to shareholders slipped 71% to €84 million ($91 mm) from €294 million, on a 5% drop in revenues to €5,343 million ($5,814 mm) from €5,596 million. The bottom line reflected around €160 million of one-off costs and €110 million in donations—and accruals for future donations—to charities and other anti-hate organizations ... Log in to view full article.