Adidas CEO Kasper Rorsted says there is “light at the end of the tunnel” after the athletic gear maker reported a loss
BERLIN—Adidas AG Thursday said it expects revenue to recover as the German sports-gear group’s stores continue to reopen and digital sales thrive after the coronavirus lockdowns pushed the company into a net loss in the second quarter.
The world’s second-largest athletic gear maker by revenue after Nike Inc. had warned of an even greater hit to sales and profit in the second quarter due to the measures that were taken to contain the spread of the virus around the world.
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