Adidas Raises Full-Year Forecast Amid Chelsea Payment Boost

Updated on
  • Sport company’s second-quarter operating profit surged 77%
  • CEO Herbert Hainer raises outlook for fourth time this year

Adidas AG increased its full-year forecast for a fourth time this year after receiving boosts from the Euro 2016 tournament and a payment to bring an early close to a sponsorship deal with England’s Chelsea soccer club.

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