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Adidas Confirms Record-Breaking Q3 Results, Raises Guidance

WWD·CSchaer·about 15 hours ago
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BERLIN – German sportswear giant Adidas raised its full-year guidance after posting record revenue and operating profit in the third quarter, as double-digit growth in most regions compensated for a weak performance in Europe.

The company said revenues grew 9 percent during the three-month period to 7.25 billion euros, setting a new record for quarterly growth. In currency neutral terms, revenues were up 7 percent.

The company had communicated the results in a preliminary press release earlier this month and confirmed them with an official announcement on Thursday morning in Germany.

In a statement, Adidas chief executive officer Bjørn Gulden described the three months to Sept.…

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