Adidas' net profits fall to 31 million euros ($33.6 million) in January-March 2020, down from 632 million euros ($685 million) in the same period a year ago. coronavirus
Net profits fell to 31 million euros , down from 632 million euros in January-March 2019 and a fraction of forecasts from analysts surveyed by Factset.
Even as sales there have begun to rebound, closures across much of the rest of the world – amounting to more than 70% of Adidas' total network – mean the group"is still not able to provide an outlook for the full year 2020."
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