Financial reporting

Adidas braces for more China woes, potential slowdown in global consumer spending

By Bob McGee 2022-08-04T05:24:00

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Adidas, which adjusted its FY22 guidance downward on July 26, reported a 10.2 percent increase in Q2 revenues (+4% currency neutral) to €5,596 million from €5,077 million. The sales gain was achieved despite ongoing supply and demand challenges and more than €300 million in lost revenues related to the factory ...

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