PARIS — Propelled by strong brand performance in Europe that more than offset weakness in North America, net profits at Adidas Salomon AG raced ahead 27 percent in the second quarter to $36.3 million, or 80 cents a share.
The quarterly performance compares with net income of $28.4 million a year ago, or 63 cents, reported in the year-ago period. Dollar figures have been converted to the euro at current exchange. In local currency terms, net income in the three months ended June 30 rose to 32 million euros, compared with 25 million euros the previous year. The gain was also attributed to gains in emerging markets such as Argentina, Turkey and Brazil, which had suffered from unstable economies the previous year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"