Company Earnings Update 2 minutesRegister for Free AccessAdidas (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? Register for a free user account. This document was generated for Other research you may be interested in: M&A in US Food and Beverage CPG: Three Key Themes—Category Expansion, Brand Focus and Evolving Consumer NeedsShoptalk 2023 Day Four: AI, Engagement and Omnichannel Dominate DiscussionsUS Consumer Tracker: A Potential Shift from Services to Retail?Consumers Report Financial Stability Entering the New Year: US Consumer Survey Insights
