Company Earnings UpdateAdidas (ETR: ADS) Adidas 2Q17: Beats and Raises Guidance Coresight Research July 31, 2017 Executive Summary Adidas pre-announced stronger-than-expected revenue growth for 2Q17. Revenues were up 20%, versus the 12% growth expected by analysts, and up by 19% on a constant-currency basis. EBIT grew by 18% to €505 million, versus the consensus estimate of €430 million. Net income from continuing operations grew by 16% to €347 million, versus the consensus estimate of €298 million. Adidas raised its guidance for FY17. The company now expects currency-neutral revenue growth of 17%–19%, versus 12%–14% growth previously, while guidance for net income went from 13%–15% to 26%–28%. 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: Three Data Points We’re Watching This Week, Week 30: US Retail and the Consumer—Latest MetricsFive Ways Brands and Retailers Can Use AI/ML and Shared Data to Energize End-to-End Product ManagementThree Data Points We’re Watching This Week, Week 22: US Consumer Insights—Tariffs and InflationRetailTech: AI in Digital Commerce—GenAI Supercharges Retail to Provide a Seamless Shopping Journey
