Company Earnings Update 3 minutesRegister for Free Access(ETR: ADS) 1Q18 Results: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top Line Coresight Research December 7, 2018 Executive Summary• At constant currency, Adidas grew 1Q18 revenues by 10%. Currency effects meant this translated to just a 1.9% increase in reported revenues. • The company increased its gross margin and operating margin due to the effects of better pricing and product mix. • Management reiterated its guidance for FY18: the company expects to grow sales by approximately 10% excluding currency effects and to increase operating profit by 9%–13%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: November 2023 UK Retail Sales: Easing Inflation and Holiday Season Boost SalesEarnings Insights 4Q22, Week 6: Burlington, Dollar Tree, Kroger and Urban Outfitters Post Strong Sales Growth; Carter’s, Kohl’s, Lowe’s and Qurate Retail See Sales DeclineRevisiting Dubai Retail: New Developments Paint a Promising Scene in Dubai and the Persian Gulf RegionEarnings Insights 3Q23, Week 3: Coty and Ralph Lauren Report Positive Sales Growth; Capri Holdings, Hanesbrands and Qurate Retail See Sales Decline