Adidas slightly upgraded its guidance for FY21 after a better-than-expected first quarter.
The group has experienced healthy growth across all markets despite the prolonged lockdowns in some markets, highlighting the strong 156% sales growth in Greater China.
The strong growth in China and the group’s very encouraging guidance for Q2 21 have confirmed our view on the “boycott on Xinjiang cotton matter”. We believe that smaller, easily replaceable brands will be affected more than well-position ....
07 May 2021
Adidas still expects strong growth in China for FY21
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Adidas still expects strong growth in China for FY21
Adidas slightly upgraded its guidance for FY21 after a better-than-expected first quarter.
The group has experienced healthy growth across all markets despite the prolonged lockdowns in some markets, highlighting the strong 156% sales growth in Greater China.
The strong growth in China and the group’s very encouraging guidance for Q2 21 have confirmed our view on the “boycott on Xinjiang cotton matter”. We believe that smaller, easily replaceable brands will be affected more than well-position ....