Company Earnings Update 3 minutesRegister for Free Access(ETR: ADS) 1Q18 Results: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top Line Coresight Research December 7, 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: US Metaverse Fashion Market: Rapid Growth Ahead Despite Six Key Challenges2025 Apparel and Footwear—Retail Outlook 2025: Low-Single-Digit Growth Expected, with E-Commerce Capturing ShareEarnings Insights 3Q23, Week 2: Crocs, CVS and Colgate-Palmolive Report Strong Results; Carter’s, Clorox, Estée Lauder and VF Corporation See Sales DeclineUS CPG Sales Tracker: In-Store Sales Drive Total CPG Growth Acceleration
