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Adidas Stock Reaches Record Levels On Profit Beat, E-Commerce Sales

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Despite challenges regarding its North American supply chain and waning interest in retro sneakers in Europe, Adidas was able to turn in a nice quarter for investors on strong growth in digital sales and unexpectedly high profits. In a Nutshell: After releasing its Q1 results Friday, Adidas shares rose from $127.80 to $137.54, a 7.2…

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