Adidas reports preliminary Q3 revenue EUR 6.63B, operating profit EUR 736MN

Reports preliminary Q3 gross margin 51.8%. adidas (ADDYY) CEO Bjorn Gulden: “I am extremely proud of what our teams achieved in the third quarter with actually record revenues. 12% growth for the adidas brand leading to total revenue of EUR 6.63 billion is the highest we have ever achieved as a company in a quarter. The environment is volatile with the tariff increases in the US and a lot of uncertainty among both retailers and consumers around the world, but our teams work hard, and our brand and our products resonate well with consumers. Given the positive development in Q3, we narrow our top-line guidance and raise our full-year EBIT outlook from between EUR 1.7 billion and EUR 1.8 billion to around EUR 2.0 billion. 2025 is a success for us already. I am especially happy to see that our performance business is growing strongly across categories and in all regions. The focus is now on transitioning well into 2026, which will be another exciting sports year with the Winter Olympics right at the beginning, the biggest Football World Cup ever, and many more great events to look forward to.”