Financial

Adidas fell by 19% in Q1, sees Q2 down by over 40%

2020-04-27T17:52:00

adidas_world_of_sports

The Adidas Group reported today a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed right now, the management is expecting ...

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