Finebaum Headed To ESPN, SEC Network NFL Owners Award Super Bowls L, LI NBC Earns Best Preakness Audience Since '09 Durant, Thunder Donate To Tornado Relief Long Beach To Host Volleyball Tourney Microsoft Unveils $400M NFL Partnership Report: Lions To Create Bowl Game Final Days To Purchase SBA Tickets Yankees, Man City Partner On MLS Team NFL Set To Award Super Bowl Sites
SBD/Issue 88/FinancePrint All
adidas’ Q4 profit “fell 30[%], the first decline in more than a year,” as the company “stepped up U.S. and Asian investments to increase growth,” according to Gregory Ruben of BLOOMBERG NEWS. Q4 net income dropped 19% to $25M, compared to $35.2M in the year-ago window. Revenue for the quarter climbed 5.9% to $1.87B. Full-year profit grew 21% to $409.6M, while revenue increased 3% to $8.45B (BLOOMBERG NEWS, 1/27). REUTERS’ Ulf Laessing noted adidas had forecast a 20% jump in net profit on a currency-neutral sales growth of 5% in ’04. Shares of adidas have gained 23% in the past 12 months, “making it one of the top” performers on Germany’s DAX index (REUTERS, 1/27). At presstime, shares of adidas were trading at US$149.84, down 2.2% from yesterday’s close of US$151.02 (THE DAILY).