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Adidas Increases Full-Year Outlook Following Top-Line Momentum in Q2 2021
Sales up 55%, despite low-double-digit drag from external factors Revenues in EMEA and North America almost double Gross margin up 0.5pp to 51.8% reflecting significantly higher full-price sales Operating margin improves to 10.7% Net income from continuing operations reaches €387 million Inventories down 22% • FY Outlook increased: Sales to grow up to 20%, net income from continuing operations to reach €1.4 to €1.5 billion “With sports taking back centre stage this summer, we…
