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Adidas Revenue Up 51% in Q2

August 5, 2021

Adidas released second-quarter earnings Thursday, and sales are strong everywhere except China. Quarterly revenue was up 51% year-over-year to $6 billion. Net income hit $470 million, a sharp pivot from the net loss of $349 million during the same quarter last year. It expects sales to increase by up to 20% and net income to reach as much as $1.77 billion in fiscal 2021. However, online sales were down 14% year-over-year. Front Office Sports