3/9, 7:40 AM (Source: TeleTrader)
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Chart for: ADIDAS AG NA O.N.

Adidas net sales at €5.1B in Q4

Adidas AG reported on Wednesday that its net sales in the fourth quarter of 2021 amounted to €5.1 billion, declining 0.1% compared to the same quarter last year and coming in slightly below expectations.

IFRS net income attributable to shareholders soared 34% to €202 million, while net income from continuing operations fell 14% to €123 million. Diluted earnings per share (EPS) from continuing operations dropped 17% to €0.58, while diluted EPS from continuing and discontinued operations jumped 36% to €1.05.

For full fiscal 2021, net sales jumped 15% to €21.2 billion and EPS from continuing operations skyrocketed 223% to €7.47. "In 2021, we delivered a strong set of results despite several external factors weighing on both demand and supply throughout the year," CEO Kasper Rorsted stated.

Baha Breaking News (BBN) / NP