- Adidas (OTCQX:ADDYY, OTCQX:ADDDF) reports sales rose 9% to €4.083B ($4.556B) in Q1 on a currency-neutral basis.
- Sales in Europe +11% to €1.143B ($1.276B).
- Sales in North America +7% to €591M ($659.6M).
- China was a bigger contributor during the quarter with the region seeing sales growth of 21% to €597M ($666.45M).
- Reebok sale were up 9% as training and studio products showed strong demand.
- Net profit came in at 221M ($246M) vs. €234M consensus estimate.
- Adidas earnings press release (.pdf)