Adidas Posts Better Sales Growth

Adidas  Better Sales GrowthGerman sportswear company Adidas posted better-than-expected first quarter sales growth on Tuesday,
helped by a strong rise in its running and fashion units as well as a recovery of struggling North America business.

Adidas said sales rose 17 per cent to 4.083 billion euros ($4.54 billion), ahead of average analyst forecasts for 3.913 billion.

Adidas reiterated it expects 2015 sales to rise by a medium single-digit per centage rate on a currency neutral basis, after a 6 per cent increase in 2014, while net profit from continuing operations should climb 7-10 per cent.

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