Adidas Gains Momentum, Reporting a 12% Revenue Growth in Q2
In the second quarter of its fiscal year, adidas, a leading sportswear brand from Germany, experienced a 16% surge in sales over a three-month period, amounting to €5.82 billion EUR. This growth is a positive sign for the brand’s momentum and has led them to raise their forecast for annual sales. They had previously increased their full-year guidance in early July, and this increase is now at a “high single-digit rate.” As a result, adidas’ sales for the first half of the year reached €11.28 billion EUR, representing an 10% year-on-year rise when adjusted for exchange rates.