Company Earnings UpdateAdidas (ETR: ADS) 1Q18 Result: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top Line Coresight Research May 3, 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2025, Week 1: Big Lots Set to Keep Some Stores Open in 2025Innovator Profile: MUSE Inc.—Transforming Retail Operations with Intelligent Store RobotsWeekly UK Store Openings and Closures Tracker 2025, Week 13: Kingfisher Announces Store Expansion Plans; Whole Foods Opens New London StoreWeekly UK Store Openings and Closures Tracker 2025, Week 27: Store Closures Up 8% Year Over Year
