HERZOGENAURACH, Germany: Sportswear maker adidas AG has reported that its first-quarter net income attributable to shareholders surged to €558 million from last year's €31 million.
Further, the company upgraded fiscal 2021 outlook. Sales are now expected to grow at a high-teens rate in 2021 given the healthy brand momentum and stronger-than expected demand for the brand's products. The company previously expected sales to grow at a mid- to high-teens rate.
