Tag: sportwear

Adidas raises full-year forecast after strong Q1

FRANKFURT, Germany (AFP) — Adidas, the German maker of sportswear and equipment, said Wednesday that it is raising its full-year forecasts after notching up better-than-expected growth in the first three months. “In light of the strong brand momentum, which is reflected in the better than expected first quarter performance, the group has increased its 2016 financial outlook,” Adidas said in a statement. “Management now projects sales to grow at a rate of around 15 percent […]