Adidas Posts Losses Of $400M In Q2, But Expects Q3 Rebound
PYMNTS
AUGUST 6, 2020
Adidas AG , the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent the spread of the coronavirus. At the same time, Adidas suffered an operating loss of 333 million euros ($394 million). billion euros ($4.3 billion) in the quarter.
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