Brief: Adidas Continues To See Operating Profit Increase To Around EUR 2.3 Bln
BRIEF-Adidas Continues To See Operating Profit Increase To Around EUR 2.3 Bln July 30 (Reuters) - Adidas AG ADSGn.DE:
ADIDAS Q2 GROSS MARGIN 52.5% (NOT 0.8%)
ADIDAS Q2 OPERATING MARGIN 8.5%
ADIDAS Q2 SALES EUR 6,743 MILLION
ADIDAS AG - REVENUES NOW EXPECTED TO GROW BETWEEN 9% AND 10% (PREVIOUSLY: HIGH-SINGLE-DIGIT GROWTH)
ADIDAS AG - OPERATING PROFIT STILL EXPECTED TO INCREASE TO AROUND EUR 2.3 BILLION
ADIDAS AG - EUR 212 MILLION HIGHER MARKETING INVESTMENTS INTO SUCCESSFUL WORLD CUP CAMPAIGNS AND ACTIVATIONS
ADIDAS AG - POTENTIAL FUTURE US TARIFF REFUNDS NOT REFLECTED IN FULL-YEAR GUIDANCE
ADIDAS AG - ONLY RECOGNIZED A SMALL P&L BENEFIT FROM FIRST US TARIFF REFUNDS RECEIVED IN Q2
Further company coverage: [ADSGn.DE]
(Gdansk Newsroom)
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