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.
Most Popular
Key highlights from Deere & Company’s (DE) Q1 2025 earnings results
The Deere & Company (NYSE: DE) reported its first quarter 2025 earnings results today. Worldwide net sales and revenues decreased 30% year-over-year to $8.50 billion. Net income was $869 million, or $3.19 per
CSCO Earnings: A snapshot of Cisco’s Q2 2025 report
Cisco Systems Inc. (NASDAQ: CSCO), a leading manufacturer and distributor of data networking products, on Wednesday reported financial results for the second quarter of 2025. The San Jose-headquartered tech firm
What to look for when Walmart (WMT) reports Q4 results next week
Over the years, Walmart Inc. (NYSE: WMT) has consistently dominated the US grocery market, benefitting from lower prices and its wide product range across categories. After delivering an impressive performance