8/5/2021, 7:35 AM (Source: TeleTrader)
more TeleTrader news


Chart for: ADIDAS AG NA O.N.

Adidas' Q2 net sales at €5.08B, up 51% YoY

Adidas AG noted on Thursday that its net sales in the second quarter of 2021 amounted to €5.08 billion, soaring 51.5% compared to the same period a year ago.

Net income attributable to shareholders amounted to €397 million, while net income from continuing operations reached €387 million. In the prior year's second trimesters, the company marked losses of €295 million and €243 million, respectively. Diluted earnings per share (EPS) from continuing operations soared to €1.93 from a €1.13 loss registered in the second quarter of 2020, while diluted EPS from continuing and discontinued operations stood at €2.03 after a loss per share of €1.51 observed a year ago.

"Sales in our strategic growth markets EMEA and North America almost doubled. Revenues in our key categories Football and Outdoor even grew at triple-digit rates. The share of full-price sales increased strongly, fueling exceptional profitability improvements. This momentum gives us all the confidence to increase our full-year outlook despite the external challenges that our industry continues to face," CEO Kasper Rorsted commented.

Baha Breaking News (BBN) / BU