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Rising Sourcing Costs to Drive Down Adidas’ Margins in the Second Half

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Thanks to a combination of sky-high expectations and ongoing supply chain issues, Adidas’ second-quarter financial results were received poorly on Wall Street Thursday morning, sending its share price down nearly 3.5 percent to $149.75 at publication time. In a Nutshell: Adidas was able to keep to its outlook in the second quarter, with strong net…

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