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: Consumer Sentiment—The Big Surprise in a Week of Shocks; Plus, Apparel Shopping in Focus: US Consumer Survey InsightsInnovator Profile: Nectar Social—Elevating Consumer Engagement Through Agentic Social CommerceThree Data Points We’re Watching This Week, Week 6: US Consumer and Retail FocusGrocery Retailing—US Real Estate Insights: Value and Specialty Grocers Lead Store Expansion as Traditional Retailers Lag Behind
