Adidas has eyes on 2019 finish line after Q3 profit slip

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 83%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

FRANKFURT -- German sportswear maker Adidas said Wednesday it was confident of hitting full-year financial targets after a profit slip in the third quarter, buoyed by fast-rising sales.

In July-September, Adidas' bottom line fell back 1.8 percent year-on-year, to 646 million euros , slightly beating forecasts from analysts surveyed by Factset.Double-digit growth in China and North America was Adidas' biggest sales driver, while Europe inched up more tentatively.

Meanwhile growth in online sales slowed to 14 percent in the third quarter, compared with 76 percent a year before. The operating result was weighed down by advertising costs as the company looks to rev up sales in the second half of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SWS: Duterte admin’s satisfaction rating drops in Q3 2019MANILA, Philippines — The net satisfaction rating of the Duterte administration dropped in the third quarter of 2019, according to the latest Social Weather Stations (SWS) survey released Wednesday 77 percent satisfied vs 10 percent dissatisfied, still 4 in every 5 Filipinos are satisfied with the Duterte administration. His biggest mistake was turning his back on USA, after all the help they have given the Philippines over all the years its sad he now puts China in front of the USA.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Adidas is partnering with the International Space Station to test products in spaceThe first phase of the partnership will focus on product innovation by testing products in microgravity. Microgravity is the condition in which people or objects appear to be weightless, according to NASA.
Source: CNN Philippines - 🏆 13. / 63 Read more »

HoR unanimous in approving resolution to extend validity of 2019 GAAVoting 199 affirmative and 0 negative, the House of Representatives last night unanimously adopted House Joint Resolution 19 extending the validity of the 2019 General Appropriations Act, thus authorized government to spend the allocated for maintenance and other operating expenses (MOOE).
Source: manilabulletin - 🏆 25. / 51 Read more »

PUP graduate tops 2019 Psychometrician licensure examsA graduate of the Polytechnic University of the Philippines (PUP) Main-Sta. Mesa topped the October 2019 Certified Psychometrician Licensure Examination, the Professional Regulation Commission (PRC) announced on Tuesday.
Source: manilabulletin - 🏆 25. / 51 Read more »

Xavier graduate tops 2019 Psychologist Licensure examsA total of 205 out of 285 examinees passed the October 2019 Psychologist Licensure Examinations, the Professional Regulation Commission (PRC) announced on Tuesday. Wow!!! Congrats, XU!!!
Source: manilabulletin - 🏆 25. / 51 Read more »

Pinay boxer todo-ensayo para sa 2019 SEA Games
Source: ABSCBNNews - 🏆 5. / 83 Read more »