Web Developers
GUIDANCE
- Following strong 2Q16 results, Adidas reported that it expects FY16 constant-currency sales to increase by a high-teens percentage; the previous forecast had called for growth of approximately 15%.
- The company also raised its forecast for net income from continuing operations, which is now estimated to increase by 35%–39%, to €975 million–€1 billion, versus the previous estimate of a 25% increase. The operating margin is now forecast to increase to 7.5% in FY16, up from 7.0% previously.