Adidas Sales Rise to Over $6 Billion
Sales at Adidas AG grew 18.9 percent, to 5.67 billion euros, or $6.04 billion, in the first quarter of 2017, as the German activewear giant continued to benefit from strong demand for its products after a record year in 2016, when its profits passed the billion-euro mark for the first time.
On a currency-neutral basis, revenues grew 16 percent, the company said on Thursday, with an 18 percent spike for the Adidas brand and 13 percent growth at Reebok.
Constant-currency sales increased in all geographic zones except Russia and the Commonwealth of Independent States, said the Herzogenaurach, Germany-based company. This included particula…….
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