Adidas expects a year of decline ahead
08/03/2023
In its most recent annual report, the first issued under new chief executive Bjørn Gulden, sports group adidas has revealed that it expects “to decline at a high-single-digit rate” in 2023.
The company based its outlook on performance over the 12-month period ended December 31, 2022, during which net sales amounted to $23.7 billion (€22.5 billion), a 6% rise over the year previous.
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