UPDATE 2-Adidas, facing investor unrest over Nike lead, sees sales dip

martes 6 de mayo de 2014 07:02 GYT
 

* Operating profit of 303 mln euros vs consensus for 318 mln

* Shareholder set to criticise CEO at AGM on Thursday

* CEO sees Q1 as low point, expects World Cup boost

* Strong sales in emerging markets, own retail

* Adidas considers offers for Rockport brand (Adds details from conference call, fund manager comment)

By Emma Thomasson

BERLIN, May 6 (Reuters) - German sportswear company Adidas reported disappointing first-quarter results on Tuesday due to a big drop in sales at its TaylorMade golf business, but said a stronger second quarter was signalling a return to growth.

The world's second-biggest sportswear firm, which has been losing ground in its home territory of western Europe to U.S. giant Nike, said operating profit fell almost a third to 303 million euros ($420 million), missing average analyst forecasts for 318 million.

It said 80 million euros of the decline was due to a poor quarter at TaylorMade due to a change in shipping cycles and a declining U.S. golfing market, and 50 million from negative currency movements - particularly the recent drop in the Russian rouble.   Continuación...