FRANKFURT Nov 8 Germany's Adidas
lowered its sales forecast for 2012 on Thursday due to weaker
than expected business at its Reebok and Rockport brands as it
reported in line third-quarter profits.
The world's second largest sports apparel firm said it now
expected 2012 sales to increase at a high single-digit rate,
compared to a previous expectation for almost 10 percent.
It reported third quarter operating profit of 494 million
euros and sales of 4.17 billion euros ($5.3 billion), in line
with analyst expectations for 490 million euros and 4.16
($1 = 0.7840 euros)
(Reporting by Victoria Bryan)