Financial

Adidas cuts FY 2022 guidance on China weakness and potential slowdown in other markets

2022-07-27T14:50:00

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Adidas has adjusted its top line 2022 guidance due to a worsening outlook for its Greater China business. While second-quarter 2022 results slightly exceeded expectations, given continued strong momentum in Western markets and a return to growth in Asia-Pacific, the company has reported a slower-than-expected recovery in China since the ...

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