Company Earnings UpdateAdidas (ETR: ADS) 2Q17 Results: Company Raises Guidance Thanks to Strong Results Coresight Research August 4, 2017 Executive Summary As announced preliminarily last week, Adidas reported stronger-than-expected revenue and profit growth for 2Q17. Revenues were up 20%, to €5,038 million. Revenues were up 19% on a constant-currency basis. EBIT grew by 18% and net income from continuing operations grew by 16%, to €347 million. All regions with the exception of Russia/CIS saw strong revenue growth on a currency-neutral basis, with Greater China up 28%, North America up 26% and Western Europe up 19%. Adidas raised its guidance for FY17 currency-neutral revenue growth to 17%–19% from 12%–14% previously. The company raised its guidance for net income to 26%–28% growth from 13%–15% previously. 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: Rolling Metric Sentiment Declined This Week: Weekly US Consumer Sentiment, Week 36, 2025—InfographicWeekly UK Store Openings and Closures Tracker 2025, Week 44: Shoe Zone Closes StoresUS Forecast To See Multibillion-Dollar Hit from Falling International Visitor Spend: Another Retail HeadwindHoliday 2025 Survey Insights: Shopping Peak Nears as Two-Thirds Are Buying for the Holidays
