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Article Date: August 2017
Word Count: 853

Adidas Momentum Stays Strong As It Plays Long Game In U.S.

Although net income fell 46% on several one-time items to €158 million ($187.1 mm) from €291 million prior for the quarter ended Jun. 30, the top line continued to show impressive momentum with a 20% increase to €5,038 million ($5,965.1 mm) from €4,199 million and income from continuing operations excluding a €189 million charge for the divestiture of TaylorMade and CCM was up 16% to €347 million against €301 million even though last year’s results included one time gains that accounted for the better part of a €159 million other income gain last year from the buyout of the Chelsea ... Log in to view full article.


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