{"id":439,"date":"2012-05-09T16:49:26","date_gmt":"2012-05-09T16:49:26","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=439"},"modified":"2012-07-19T11:36:25","modified_gmt":"2012-07-19T11:36:25","slug":"adidas-group-first-quarter-2012-results","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/adidas-group-first-quarter-2012-results\/","title":{"rendered":"Adidas Group First Quarter 2012 Results"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2012\/05\/Adidas-300x250.jpg\" alt=\"\" title=\"Adidas\" width=\"300\" height=\"250\" class=\"alignleft size-medium wp-image-580\" srcset=\"https:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2012\/05\/Adidas-300x250.jpg 300w, https:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2012\/05\/Adidas.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><strong>adidas Group currency-neutral sales increase 14% in the first quarter of 2012<\/strong><\/p>\n<p>In the first quarter of 2012, Group revenues increased 14% on a currency-neutral basis as a result of double-digit sales increases in Wholesale, Retail and Other Businesses. Currency translation effects had a positive impact on sales in euro terms. Group revenues grew 17% to \u20ac 3.824 billion in the first quarter of 2012 from \u20ac 3.273 billion in 2011.<\/p>\n<p>\u201cWe are off to a fast start in 2012 and there is still plenty to come as adidas takes centre-stage at the UEFA EURO 2012 and the London 2012 Olympics,\u201d commented Herbert Hainer, adidas Group CEO. \u201cWe have worked hard to keep inventories at industry-low levels. With the backdrop of clean markets, you will see us push forward with a whole host of new innovative product and brand experiences that will continue to excite consumers and customers around the world.\u201d<\/p>\n<p><strong>Group sales increase driven by double-digit sales growth in all segments<\/strong><\/p>\n<p>In the first quarter of 2012, currency-neutral Wholesale revenues increased 10% due to double-digit sales growth at adidas. Currency-neutral Retail sales increased 16% versus the prior year, driven by 9% comparable store sales growth. Revenues in Other Businesses were up 32% on a currency-neutral basis, driven by strong double-digit sales increases at TaylorMade-adidas Golf and Reebok-CCM Hockey.<\/p>\n<p>Currency translation effects had a positive impact on segmental sales in euro terms. Wholesale revenues increased 13% to \u20ac 2.614 billion from \u20ac 2.320 billion in 2011. Retail sales rose 20% to \u20ac 693 million versus \u20ac 577 million in the prior year. Sales in Other Businesses grew 37% to \u20ac 517 million (2011: \u20ac 376 million).<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fadidas-group-first-quarter-2012-results%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>Group sales increase 14% on a currency-neutral basis<\/p>\n<p>\tNet income attributable to shareholders up 38% to &euro; 289 million<\/p>\n<p>\tadidas Group incre<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fadidas-group-first-quarter-2012-results%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[90,91,93,92],"class_list":["post-439","post","type-post","status-publish","format-standard","hentry","category-retail-news","tag-adidas","tag-adidas-group","tag-reebok-ccm-hockey","tag-taylormade-adidas-golf","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=439"}],"version-history":[{"count":1,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/439\/revisions"}],"predecessor-version":[{"id":581,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/439\/revisions\/581"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}