GNC Replaces CEO After Poor Q2

GNC Holdings, Inc. replaced its CEO Mike Archbold with interim CEO Robert F. Moran, after disappointing second quarter results, with reported revenue decreasing 2.4 percent, or $673.2 million, as compared to the year prior.

Adidas Again Raises FY Outlook on Q2 Momentum

Adidas AG raised its full-year forecast for a fourth time this year after delivering healthy double-digit growth in its second quarter and benefiting from a special payment to bring an early close to its sponsorship deal with England’s Chelsea soccer club.

Adidas Lifts Guidance Again on Strong Sales

Adidas AG increased its full-year forecast for a fourth time this year after receiving boosts from the Euro 2016 tournament and a payment to bring an early close to a sponsorship deal with England’s Chelsea soccer club.