adidas Group: Private contact: the real rebound will kick off in Q4 13!

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News published on September Thursday 19, 2013
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Ahead of Nike’s Q1 14 earnings next week (Sep 26) and ADS’s Q3 13 results (Nov 7), the group confirmed to us that current trading in North America and Russia were softer-than-expected and lead us to adopt a more cautious LFL sales forecast for Q3 (+4% vs. +6%) and FY13 (+3% vs. +4%). However, the group is clearly confident on a rebound in Q4 13 (+8%e), which bodes well for robust growth in 2014 (+8% LFL and EPS growth of 17.5%).

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