Adidas has reported that it missed its profit expectations by 93 percent. The sales performance had 19 percent fall in Q1 2020 due to coronavirus crisis.
Adidas has warned that it could be 40 percent fall in its sales in the second quarter. More than 70 percent of its stores are closed worldwide, while e commerce sales from adidas website have risen by 35 percent.
Adidas recently approved German government loan of approximately $3.3 billion USD. In case you want to purchase adidas stock, have a look of its share price.
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