Adidas is now expecting first-quarter sales to drop by up to 1 billion euros ($1.14 billion) in greater China and operating profit to decline by between 400 million and 500 million euros. It has not yet factored a global hit from COVID-19 into its full-year outlook. Under Armour, meantime, in February said it anticipated the outbreak in China to lower sales by roughly $50 million to $60 million during its fiscal first quarter. That was, notably, before the virus started to hit Europe and North America much harder.