• Adidas Profits Down 93 Percent in First Quarter

Adidas Profits Down 93 Percent in First Quarter

€152.00

€63.99

Availability: In stock

€152.00

€63.99

Size Chart
Mens Shoes
EUUKUSCM
406725
417826
428927
4391028
44101129
45111230
46121331
47131432
48141533
Womens Shoes
EUUKUSCM
352522
363623
374724
385825
396926
4071027
4181128
Womens Clothing
XXSXSSMLXLXXL
UK4-66-88-1010-1212-1414-1616-18
France3434-3636-3838-4040-4242-4444-46
Italy36-3838-4040-4242-4444-4646-4848-50
US22-44-66-88-1010-1212-14
Mens Clothing
XSSMLXLXXL
UK343638-4042-4446-4850-52
IT444648-5052-5456-5860-62
France283032-3436-3840-4244-46
Details
Adidas has seen a major financial impact due to the current coronavirus pandemic, as evidenced by today's Q1 2020 earnings report.The sportswear giant was forecasted to bring in around \u20ac263 million but fell short of that target with its first-quarter total, netting just \u20ac65 million. Additionally, it saw a decrease of 19 percent in sales after earning \u20ac4.7 billion, and falling below the forecasted expectations of around \u20ac4.9 billion. The company's net income from continuing operations also decreased 97 percent to \u20ac20 million after bringing in \u20ac631 million in 2019 as a result of more than 70 percent of the company's storefronts still being closed due to the outbreak."Our results for the first quarter speak to the serious challenges that the global outbreak of the coronavirus poses even for healthy companies," said Adidas CEO Kasper Rorsted. "I am proud of how our Adidas family has been working together to support both our company and our communities. At the moment, we are focused on managing the current challenges and doubling down on the recovery in China and the opportunities we see in e-com. While we prepare for the return to a more normalized state of the business, we also remain realistic: Over 70 perc...
Shipping & Payment

Standard Shipping - Free Shipping