Adidas Shares Slip On Disappointing Sales Figures
- 5 years ago
German sportwear company Adidas reported disappointing second-quarter sales on Thursday.
The company expects a recovery in the second half after it stemmed a decline in Europe.
Adidas shares fell 2.3% by 0725 GMT.
The stock had rallied in recent weeks on hopes it might lift its outlook.
Adidas had already warned in March that supply chain issues would hit sales growth in the first half.
The company expects a recovery in the second half after it stemmed a decline in Europe.
Adidas shares fell 2.3% by 0725 GMT.
The stock had rallied in recent weeks on hopes it might lift its outlook.
Adidas had already warned in March that supply chain issues would hit sales growth in the first half.