Company Earnings Update 3 minutesRegister for Free AccessAdidas (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? Register for a free user account. This document was generated for Other research you may be interested in: Innovator Profile: Drop Facilitates Seamless and Scalable Selling on Social MediaApril 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain NegativeMarket Outlook: US Foodservice—Value Initiatives Take Center Stage Amid Waning Consumer TrafficUS Store Tracker Extra, January 2023: US Retailers To Open 27 Million Square Feet of New Retail Space
