First-quarter sales rose by a currency-adjusted 4% to 5.883 billion euros ($6.57 billion).
Sales growth slowed due to supply chain issues in North America and a decline in Europe.Getty Imagesreported a 17% rise in first-quarter net profit on Friday, even as sales growth slowed as it suffered from supply chain issues in the North American market it had already flagged, as well as a decline in Europe.
Adidas warned in March that it expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, where it has doubled its business in the last three years to take market share from bigger rival Nike.
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