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Adidas AG reported better-than-expected earnings in the first quarter as consumers continue to snap up retro sneakers like the Samba in the face of growing economic uncertainty.
The German sportswear company posted an operating profit of €610 million ($692 million) in the quarter, according to a statement Wednesday, exceeding the €545 million average of analyst estimates. Revenue of €6.2 billion was in line with estimates.
Adidas continues to ride a two-year hot streak, with demand…
