Financial

Adidas reins in FY expectations as Q1 sales dip, China struggles

By Heather O'Brian 2022-05-06T12:03:00

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Adidas cut its expectations for gross and operating margins for the full year and projected that sales and net profit would come in at the lower end of guidance after sales dipped in the first quarter and as it continues to struggle in China, where new Covid-19 lockdowns have worsened ...

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