Adidas raises 2011 outlook

FRANKFURT - Adidas AG, the world's second-largest sporting-goods maker, raised its 2011 profit and sales forecast on improving profitability of the Reebok brand and revenue growth in developing markets such as China.

Adidas expects earnings per share (EPS) to rise at a rate "approaching" 15 percent, the Germany-based company said in a release on Thursday.

The company had previously forecast an EPS increase of between 10 and 15 percent.