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Article Date: March 2017
Word Count: 892

Adidas Boldly Raises Targets After Big 2016


With strong growth across the board from its Adidas brand, the Big a finished a record-breaking year that saw net income soar 52% to €1,017 million ($1.08 bb) from €634 million for the FY ended Dec. 31 on a 14% increase in net sales to €19,291 million ($20.41 bb) from €16,915 million and an energized management significantly raised expectations for its 2020 sales and earnings. Top line growth is now expected to be 10-12% compared to a prior forecast of high-single digits and net income growth of 15% CAGR is now expected to be 20-22% with the operating margin hitting ... Log in to view full article.

 


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