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: High-Income Consumers’ Sentiment Soars Ahead; Plus, Home and Home-Improvement Shopping in Focus: US Consumer Survey InsightsAnalyst Corner: From Models to Markets—The Accelerating Shift Toward AI Applications, with Charlie PoonWeekly UK Store Openings and Closures Tracker 2025, Week 20: Asda Opens New Format; Skims Plans to Step into the UK in 2026Three Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025
