10.05.19Newsadidas
ARTICLE BY Boon
Adidas Q1 Header
Adidas Q1 Header
Adidas Q1 Header

5 Things We Learnt From adidas' 2019 Q1 Financial Report

Unless you’ve got a bizarre fetish for stats, graphs, numbers, or commerce jargon, we can’t imagine too many of you adding adidas’ Q1 Financial Report to your must-read list. Safe to say, it’s not the most enthralling prose going around, but we’ve pulled on our business socks to sift through it — you know, for the culture.

Did Team Trefoil make money moves? Here’s the five things we learnt from adidas' first quarter performance.

Eiffel Tower Adidas Runners
via Paris Running Tours

5. Things Warm Up in Europe

Increased sales in both lifestyle and performance categories led to a four per cent revenue increase (currency neutral) overall. However, it was a six per cent jump in Europe, which was a key win. Training and running sales were the main improvement drivers.

Kanye And Kim Fat
via Baller Status

4. Big Moves in Strategic Growth Regions

Team Trefoil celebrated double-digit growth in Greater China, Africa and Russia during Q1, attributing the improvements to strong Performance and Lifestyle sales.

Adidas Nite Jogger Orange Left

3. About Last Nite...

Successful activations of the UltraBOOST 2019 and Nite Jogger were implemented, with both models continuing to trend well. The launches of the BOOST-blessed sneakers helped the brand’s Running and Lifestyle categories improve by three and six per cent, respectively.

Gal Gadot Reebok Quote
via Reebok

2. The ’Bok’s Stocks Take a Knock

Unfortunately, adis subsidiary Reebok underachieved with a six per cent decrease in revenue overall, due to declines in all markets. North America was the region with the biggest drop, experiencing a hefty 12 per cent decline. Were curious to see how the brand responds in Q2.

Kanye West Cell Phone

1. Futurecrafting Better E-Comms

E-commerce experienced a whopping 40 per cent increase off the back of the exclusive drops like the AlphaEDGE 4D, and the uptake of the adidas App, which was downloaded nine million times globally.

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