Adidas AG (ADSGn.DE)
24 May 2019
BERLIN Adidas reported a forecast-beating rise in quarterly profits on Friday, helped by booming online sales, and said it hoped to fix supply chain problems in the North American market and revive growth in Europe by the end of the year. | Video
* Basic resources rise on copper's bounce (Updates after the close)
* Q1 attrib. net profit 632 mln euros vs consensus for 567 mln
May 3 European shares ticked higher on Friday, helped by gains among banks and Germany's Adidas, one day after the regional index suffered its worst loss in six weeks.
BERLIN, May 3 Adidas reported a 17 percent rise in first quarter net profit on Friday, even as sales growth slowed as it suffered from supply chain issues in the North American market it had already flagged, as well as a decline in Europe.
BERLIN/MUNICH German sportswear group Puma said it managed to avoid supply chain problems that have crimped sales growth at local rival Adidas by increasing inventories, as it posted a record quarter of sales and earnings on Friday.
* Confirms full-year guidance (Recasts, adds CEO quotes, shares)
BERLIN, April 16 Shares in Zalando jumped on Tuesday after Europe's biggest online-only fashion retailer said it expected to post an operating profit for the first quarter, when it usually makes a loss due to selling off remaining stock after Christmas at a discount.
BERLIN Adidas has teamed up with singer Beyonce and will relaunch her Ivy Park brand, as it aims to attract more female consumers after rival Puma's deal with Rihanna helped boost sales.
BERLIN, April 4 Adidas has teamed up with singer Beyonce and will relaunch her Ivy Park brand, as it aims to attract more female consumers after rival Puma's deal with Rihanna helped boost sales.