Thursday, March 3, 2016

Adidas Q4 Loss Narrows On Revenue Strength; Sees Double-digit Growth In FY16

German sporting goods giant Adidas Group reported Thursday a narrower net loss in its fourth quarter, benefited by strong revenues driven by accelerated momentum at both adidas and Reebok. The company announced higher dividend and said it sees double-digit top- and bottom-line growth in 2016.

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