adidas reports record Q3 results and raises full-year outlook
Q3 net sales reached €7.3 billion with operating profit up 37%. The company increased its full-year operating profit guidance to around €2.5 billion.
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Global sportswear and sporting goods company
adidas-group.comLast updated
In short: adidas reported record third-quarter sales and raised its full-year operating-profit outlook to around €2.5 billion.
Q3 net sales reached €7.3 billion with operating profit up 37%. The company increased its full-year operating profit guidance to around €2.5 billion.
Record revenues reached €7.25 billion. The company increased its full-year operating profit forecast to approximately €2.5 billion due to strong performance and tariff refunds.
Net sales rise 9% year-over-year, while operating profit increases by 37%, driven by strong performance in Greater China and Latin America.
Currency-neutral revenues rose 14% to €6.7 billion driven by a strong World Cup campaign and DTC growth of 25%. The company also announced CFO succession.
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