Company Earnings Update 2 minutesRegister for Free AccessAdidas (ETR: ADS) FY16 Results: Standout Sales and Margin Performance Coresight Research March 9, 2017 Executive Summary In FY16, Adidas reported revenue growth of 14.0% year over year to €19,291 million, slightly below the consensus estimate of €19,307 million. Constant-currency FY16 sales increased 18% year over year. The company reported FY16 adjusted EBIT of €1,491 million and the adjusted EBIT margin reached 7.7%, up from 6.5% in FY15. Adidas issued FY17 guidance to deliver constant currency year-over-year revenue growth in the range of 11%–13%. The company expects FY17 gross margin expansion of 50 bps year over year and adjusted EBIT margin to expand by 60–80 bps year over year to 8.3%–8.5%. 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: European Grocery Retail Dynamics Amid Broader Inflationary TrendsEarnings Insights 4Q23, Week 3: Crocs, Herbalife and L’Oréal See Strong Sales Growth; Capri Holdings and Hanesbrands Report Sales DeclinesHow US Consumers Are Shopping for Groceries: Analyzing Traffic, Ticket, E-Commerce and Private LabelWeekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This Year
