Financial

Adidas takes hit in China but raises guidance after a strong Q2

2021-08-05T17:15:00

adidas_world_of_sports

Adidas raised its guidance for full-year sales and earnings as revenue growth continued to accelerate in the second quarter despite the impact of Covid-19 lockdowns in the Asia-Pacific region, industry-wide supply chain challenges and the geopolitical situation. The more optimistic view came even though the company’s sales in China took ...

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