Adidas says Q2 revenues improved 19 percent

For the second quarter, Adidas said that revenues from the company’s continuing operations increased 19 percent on a currency-neutral basis and 20 percent in euro terms to 5 billion euros (5.8 billion dollars). The company said, operating profit increased 18 percent to 505 million euros (590 million dollars) driven by a higher gross margin as well as operating expense leverage. Net income from continuing operations increased 16 percent to 347 million euros (405 million dollars) during the quarter.