Edition:
India

Adidas CEO expects 2019 sales up around 6.5%


Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Adidas AG ::ADIDAS CEO SAYS HE EXPECTS CONTINUED POSITIVE DEVELOPMENT IN EUROPE DUE TO UPCOMING EUROPEAN SOCCER CHAMPIONSHIP.ADIDAS CEO SAYS SUPPLY CHAIN ISSUES WILL ONLY HAVE MINIMAL IMPACT IN Q4.ADIDAS CEO SAYS HE EXPECTS 2019 NET SALES TO RISE ABOUT THE MIDPOINT OF GUIDANCE, AROUND 6.5%.ADIDAS CEO SAYS U.S. TARIFFS ON CHINA HAVE LITTLE IMPACT ON BUSINESS, MORE WORRIED ABOUT CURRENCY WAR.ADIDAS CFO SAYS CO WILL REACT TO U.S. TARIFFS ON CHINA WITH SLIGHT PRICE HIKES IN U.S. MARKET IF TARIFFS CONTINUE.ADIDAS CEO SAYS UNREST IN HONG KONG HAS SIGNIFICANT IMPACT ON STORES THERE, BUT IT IS LESS THAN 1% OF ADIDAS BUSINESS. 

Company Quote

280.0
-0.5 -0.18%
23 Nov 2020