FRANKFURT, Germany (AP) - Shoe and sports clothing maker Adidas says net profit rose 11 percent in the second quarter and reported a big jump in sales in China.
Net profit rose to (euro) 140 million from (euro) 126 million in the same quarter a year ago, and the company said it was boosting its earnings outlook for the full year.
The company, based in Herzogenaurach, Germany, said Thursday revenues in the quarter rose 5 percent to (euro) 3.06 billion.
Sales were up 10 percent however when shifts in foreign currency exchange rates were excluded.
The company reported double-digit sales increases in all geographic regions for the first half, with a 37 percent increase in China.
Adidas brands include Reebok shoes and Taylor-Made golf equipment.