Adidas: Q3 EPS up 71%

(CercleFinance.com) - This morning, adidas published its final results for Q3, reporting sales of E6.
43bn, up 7.3% y-o-y.

Operating income rose by 46% to E598m, with net income, group share up 70.9% to E443m. EPS rose 70.9% to E2.48.

Q3 was a very solid one for us, and once again, better than expected. Underlying growth of 14% for the adidas brand, a very healthy gross margin of over 51% [...] are figures with which we are very satisfied and which prove that we are moving in the right direction, adidas said.

Against this background, adidas now expects operating profit of E1.2bn in 2024 (vs. previously around E1bn).


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