Categories Earnings, Retail

Adidas Ag: Q4 2017 earnings snapshot

Shoemaker Adidas announced fourth quarter results today with a 12.2% spike in sales, with operating profit more than tripling for the quarter to €132 million. On the contrary, the company reported a net loss of €3 million or €0.02 per share for the quarter, hit by the US tax code change. The year-over-year sales increase was helped by North America and Greater China sales, which surged 21.3% and 24.4%, respectively.

Outlook

For 2018, the company’s net income from continuing operations is expected to increase to a level between €1.615 billion and €1.675 billion, representing a growth of 13-17% year-over-year. Adidas also expects sales to increase about 10% on a currency-neutral basis.

Regionally, the company expects currency neutral revenue to grow at double-digit rates in North America and Asia/Pacific, while Western Europe and Latin America are expected to grow at a mid-single-digit rate.

Adidas earnings

Most Popular

What to look for when Hormel Foods (HRL) reports Q4 2023 earnings

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings

Kroger set to report Q3 results. Here’s everything you need to know

The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer

Earnings Preview: Salesforce will likely deliver another strong quarter

Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top