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adidas Release Revised Financial Outlook for FY22

Slower recovery in Greater China and potential slowdown in other markets reflected in adjusted adidas outlook for financial year 2022. While second quarter results were somewhat ahead of expectations reflecting continued strong momentum in Western markets and a return to growth in Asia-Pacific, the company has been experiencing a slower-than-expected recovery in its business in Greater China since the start of the third quarter. Previously, the company had assumed that in absence of any major…