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Preliminary operating profit at German sportswear giant Adidas rose in the second quarter, the company reported on Tuesday. Preliminary operating profit increased to €346 million ($377 million), up from last year’s €176 million. The latest quarter results included a contribution of around €50 million from the sale of parts of the remaining Yeezy inventory. Quarterly currency-neutral revenues increased 11% from the prior year. In euro terms, quarterly revenues grew 9% to €5.822 billion, from €5.343 billion in the previous year. Excluding Yeezy sales – the remaining products from the company’s c…

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