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Adidas shares hit record high on Q1 results

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Adidas shares hit an all-time high on its first-quarter earnings report.

Sales were up by a currency-adjusted 4% and earnings rose 17%, both beating analysts' expectations.

“We’re in a situation where the demand is higher than the supply. We should have managed that better but still, a better situation to be in than the reverse where the supply is bigger than the demand,” CEO Kasper Rorsted said.

Read more from CNBC.

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