German sportswear brand Adidas (ADDDF.PK) reported that its preliminary operating profit for the second quarter of 2023 declined to 176 million euros from 392 million euros in the prior year.
In the second quarter, currency-neutral revenues were flat versus the prior year level. In euro terms, the company's revenues declined 5% to 5.343 billion euros from the previous year.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com