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Adidas Reports Rise In Q1 Profits, Beating Analyst Expectations

Adidas today reported a "forecast-beating rise" in Q1 profits, "helped by high-margin ecommerce, even as overall sales growth slowed due to supply chain problems in the North American market, as well as a decline in Europe." Adidas said its Q1 operating margin rose 1.4% to 14.9%, "pulling ahea...

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