Adidas Slashes Full Year Outlook, Rolls Out ‘Business Improvement Program’

October 20, 2022

Adidas now expects total currency-neutral revenues for the total company to grow at a mid- to single-digit rate in 2022, compared to a previous projection of a mid- to high-single-digit rate in 2022. This would reflect double- digit revenue growth in Q4. Net income from continuing operations in 2022 is expected to be around 500 million euros, updated from the previously estimated 1.3 billion euros. FN