Adidas earnings slammed by virus, online sales picking up
|
April 27, 2020 6:03 AM
FRANKFURT, Germany (AP) — Sports apparel and shoe company Adidas saw its earnings fall sharply in the first quarter as the virus outbreak closed 70% of its global store base. Net profit from continuing operations fell 97% to only 20 million euros from 631 million euros in the same period a year ago.
Become a Subscriber!
You have read all of your free articles this month. Select a plan below to start your subscription today.
Already a subscriber? Login
