CORRECTED-Adidas says Q2 sales rise 5 pct, raises outlook

(Corrects second paragraph to say sales, not net income)

FRANKFURT, Aug 5 (Reuters) - Sports goods maker Adidas (ADSG.DE) reported a 5-percent rise in second-quarter sales on Tuesday and raised its full-year margin guidance.

Adidas, sponsor of new European soccer champions Spain, said sales rose to 2.52 billion euros ($3.93 billion) from 2.40 billion a year earlier, above the average of estimates in a Reuters poll of analysts of 2.51 billion.

The company said it still expected 2008 sales to rise by a high single-digit percentage this year and net income to grow at least 15 percent from 551 million euros last year.

But it said it now expected the full-year gross margin to exceed 48.0 percent, up from a previous forecast of 47.5 percent, driven by improvements in all three brand segments.

The group operating margin was expected to approach 10.0 percent in 2008, higher than the previous target of at least 9.5 percent. (Reporting by Eva Kuehnen)