Financial reporting

Adidas cuts guidance again, unveils "business improvement program" after weak Q3

By Heather O'Brian 2022-10-21T09:01:00

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Adidas cut its full-year guidance for the second time in three months and announced a new “business improvement program” after preliminary results for the third quarter showed sales were hit by a “strong” double-digit decline in Greater China and profits shrank in the wake of nearly €300 million in one-off ...

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