Company Earnings Update 2 minutesRegister for Free AccessAdidas (ETR: ADS) 1Q18 Result: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top Line Coresight Research May 3, 2018 Executive Summary At constant currency, Adidas grew 1Q18 revenues by 10%. Currency effects meant this translated to just a 1.9% increase in reported revenues. The company increased its gross margin and operating margin due to the effects of better pricing and product mix. Management reiterated its guidance for 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: August 2023 UK Retail Sales: Surprising Discretionary Resilience Even as Grocery Volume Declines ContinueHead-to-Head in UK Apparel Retailing: Boohoo vs. PrimarkIndications of a Summer Wind-Down Emerge: US Consumer Tracker 2023, Week 34Innovator Profile: Veesual Enhances the Online Apparel Shopping Journey with Image Generation