Adidas reports fourth-quarter sales and profitability gains
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LONDON (Reuters) - Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period.
The sports equipment and apparel company said revenue was up 19% year on year in currency neutral terms while its gross margin increased by 5.2 percentage points to 49.8%.
(Reporting by Helen Reid; Editing by David Goodman)