PARIS — Adidas AG raised its profit forecast for the second time this year on Wednesday, saying earnings per share in 2010 should increase to between 2.50 and 2.62 euros, or $3.30 to $3.46 at current exchange. That’s roughly 20 percent above previous guidance.
The world’s second-largest sporting goods company — which last month released preliminary first-half results showing a big lift from the FIFA World Cup in South Africa — said it anticipates improvement in all segments, especially in company-owned retail. Sales are expected to rise at a mid-single-digit rate for the full year.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"