Adidas AG Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Grace Smalley - JPMorgan Chase & Co, Research Division - Analyst : I guess, firstly, when you think about the demand for your category in general, are there any factors that make you think that demand for athletic footwear and apparel is more resilient relative to other consumer categories if we do go into an environment where consumer budgets are being materially squeezed, or how do you think about that? And then my second question would just be also on the Asia-Pac region. Could you comment in more detail in terms of what's driving those declines in Q1 and also what you expect drive the inflection in revenue growth in Q2 onwards?

Question: Jurgen Kolb - Kepler Cheuvreux, Research Division - Analyst : Actually, it was a similar question on your order book for the second half, so I'll skip that one. But on Foot Locker, again, sorry, also not being very creative, but Foot Locker, how does that cooperation work. I mean, is there a guaranteed volume that Foot Locker has to take in? Is there a guaranteed selling space or shelf space that they now guaranteeing to Adidas. So how does that work so that you can be so confident that you're adding this significant amount of revenues to the top line?

Question: Jurgen Kolb - Kepler Cheuvreux, Research Division - Analyst : It was a bit rough.