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Adidas Shares Slide as Reebok Weakness Clouds China, e-Sales Gains

Martin Baccardax

Adidas said net income for the three months ending in March came in at €542 million, while diluted earnings per share were pegged at €2.65, both figures topping analysts' estimates. Group sales, Adidas said, rose 10% on a "currency neutral" basis, which strips out changes in the value of the euro, to €5.548 billion, matching analysts' forecasts. Reebok brand revenues fell 3%, Adidas said, citing "declines in the training and running categories".