Adidas reported a 10 per cent YoY currency-neutral revenue growth in Q3 2024, with euro revenues up 7 per cent to €6.438 billion (~$7.01 billion).
Operating profit rose to €598 million (~$651 million), partly due to Yeezy inventory sales.
Excluding Yeezy, revenue grew 14 per cent. Adidas raised its full-year forecast, expecting 10 per cent growth and €1.2 billion (~$1.3 billion) operating profit.
Operating profit rose to €598 million (~$651 million), partly due to Yeezy inventory sales.
Excluding Yeezy, revenue grew 14 per cent. Adidas raised its full-year forecast, expecting 10 per cent growth and €1.2 billion (~$1.3 billion) operating profit.
