Preview - Please log in to view full article.

Article Date: July 2017
Word Count: 224

Adidas Raises Guidance Again, Sells CCM

With Q2 revenues growing at 19% to €5.0 billion and operating income surging to €505 million, up 18% from €429 million, the Big a raised full year guidance to a sales increase of 17-20% for the year from prior guidance of a 12-14% increase and generating net income of €1.36-1.39 billion from earlier guidance of €1.20-1.25 billion. The Q2 profit gain was particularly impressive in light of the fact that the 2016 results included a one-time gain of €70 million from the early termination of the Chelsea contract. The sales momentum will generate a gross margin improvement and it also ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.