Company Earnings Update 3 minutesRegister for Free AccessAdidas (ETR: ADS) FY17 and 4Q17 Results: Another Strong Year, but Profits Dented by US Tax Impacts Coresight Research March 15, 2018 Executive Summary Adidas grew FY17 group revenues by 16% at constant currency, but revenues were just shy of analysts’ expectations. Operating profit of €2.1 billion was up 30.8% year over year and was slightly above the consensus estimate. In FY18, the company expects to grow sales by approximately 10% excluding currency effects and to increase operating profit by 9%–13%. 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: Market Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative ModelsDecember 2022 US Housing Market Indicators: Pending, Existing and New Home Sales All Decline as Affordability Gap Widens1Q23 US Retail Inventory Tracker: Inventory Turnover Ratios Further Improve for Many RetailersEarnings Insights 1Q23, Week 6: Five Below, Lululemon and PVH Post Strong Results; Capri Holdings, Macy’s and Nordstrom See Sales Decline
