Thursday, August 4, 2016

Adidas Q2 Profit Surges; Trims FY16 Sales Outlook; Shares Down

German multinational sports shoes, clothing and accessories giant Adidas AG Thursday announced a significant growth in the second-quarter profit as revenues climbed 21 percent on currency neutral basis from the prior year. The company cited strong momentum at adidas and Reebok brands in all markets.

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