Adidas report 26% profit increase

By iSportconnect | August 4, 2016

Adidas reported a 26% rise in North American sales, cialis cheap as they continue to take ground from rivals Nike.

Second quarter sales in North America were €788 million ($878 million). Greater China was the company’s fastest-growing region, with revenue increasing 30 percent. Adidas last week published preliminary second-quarter earnings, raising its full-year sales and profit forecast for the fourth time in 2016.

It means that Adidas and Under Armour are the fastest growing sports brands in the USA, taking market share from leaders Nike.

Adidas also reported that overall sales growth this year will increase in the “high teens,” while profit from continuing operations will increase as much as 39 percent, approaching 1 billion Euros.