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Investing.com -- adidas ADRs rose 3% on Tuesday after the German sportswear giant reported preliminary third-quarter results showing strong growth and raised its full-year outlook.
The company announced that currency-neutral revenues for the adidas brand increased 12% in the third quarter, driven by double-digit growth across markets, product divisions, categories, and channels. Total revenue reached €6.63 billion ($7.15 billion), up from €6.44 billion in the same period last year.
This 8% overall revenue growth is particularly notable as it comes without any contribution from Yeezy products, which generated around €200 million in the third quarter of 2024. The company completed the sale of its remaining Yeezy inventory at the end of last year.
Profitability also improved significantly, with gross margin increasing by 0.5 percentage points to 51.8%, despite headwinds from unfavorable currency movements and higher tariffs. Operating profit jumped to €736 million from €598 million YoY, with operating margin expanding to 11.1% from 9.3%.
Following these strong results, adidas raised its full-year guidance for 2025. The company now expects currency-neutral revenues to increase by around 9%, up from its previous forecast of high-single-digit growth. Operating profit is projected to reach approximately €2.0 billion, significantly higher than the previous guidance of €1.7-1.8 billion.
The improved outlook reflects continued brand momentum, better-than-expected business performance, and successful efforts to mitigate additional costs from increased US tariffs.
adidas will publish its final third-quarter financial results on October 29, 2025.
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