Strong Revenue Growth
Adidas reported currency-neutral revenue growth of 10.3% in Q3, with the adidas business (excluding Yeezy) growing at 14%.
Improved Gross Margin
Gross margin improved to 51.3%, marking a significant increase and outperforming Yeezy for the first time.
Operating Profit Increase
EBIT reached EUR 598 million, up nearly 50% from the previous year, with an EBIT margin of 9.3%.
Regional Performance
Strong growth in Europe (+18%), China (+8%), Japan and South Korea (+17%), and Latin America (+30%).
E-commerce and Wholesale Growth
E-commerce (excluding Yeezy) grew by 25%, and Wholesale business increased by 13%.