The Traderszone Network

Published in TZ Latest News 5 November, 2015 by The TZ Newswire Staff

Adidas raises outlook as U.S. sales rebound

German sportswear company Adidas (ADSGn.DE) raised its outlook for full-year sales and profits as it reported better-than-expected quarterly results helped by a recovering U.S. business and strong China sales despite an economic slowdown. Adidas said on Thursday it expects currency-neutral sales to increase at a high-single-digit rate, compared to a previous forecast for a mid single-digit rate.

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