Adidas Sees Sales Hope; Confirms Likely Yeezy Writedown
Wall Street Journal
Adidas reported organic sales of €5.3 billion in the first quarter, flat on the year but slightly better than expected, and said it still expected an operating loss of around €500 million this year from an eventual Yeezy write-off.
https://www.wsj.com/articles/adidas-books-flat-1q-sales-as-it-weighs-yeezy-options-79a55481