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Article Date: May 2017
Word Count: 854

Adidas Momentum Accelerates in Q1, Especially in U.S. and China

Net income leaped 30% to €455 million from €351 million for the first quarter ended Mar. 31 as sales improved by 19% to €5,671 million from €4,769 million, led by a 31 % jump in North American sales to €988 million from €728 million despite a small decline in the Reebok brand here and a 30% gain in China to €990 million from €762 million. The company had double-digit growth rates in every other region with the exception of Western Europe and Other Businesses, which were up mid-single to high-single digits, confirming that the company is tracking towards its 2020 ... Log in to view full article.


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