ADIDAS REPORTS NEARLY $1 BILLION USD 2019 Q1 PROFITS

Sportswear giant adidas has topped its estimated earnings raking in operating profits to the tune of €875 million EUR (approximately $978m USD). The growth is due in large part to increased Chinese business and increased YEEZY sales. Despite the impressive sales growth numbers, adidas continues to struggle on its home court in Europe.  Mid-priced apparel in the U.S. is also proving to be a challenge. With those headwinds the company and the stock continue to outperform estimates.

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