Adidas CEO Praises Local Strategy as Sales Reach Record High
Adidas achieved 12% sales growth to 6.63 billion euros driven by footwear and apparel, raising full-year revenue and profit forecasts despite weaker North American results.
10 Articles
10 Articles
Adidas raises 2025 profit forecast after record quarterly sales
Adidas has lifted its full-year profit forecast after posting record quarterly revenues, driven by strong growth in footwear and apparel. The sportswear brand reported a 12% increase in sales to €6.6bn (£5.82bn) for the third quarter, marking its highest quarterly revenue on record. Operating profit for the 2025 financial year is now expected to reach around €2bn (£1.76bn), up from previous guidance of between €1.7bn (£1.50bn) and €1.8bn (£1.59…
Adidas hits record sales as U.S. weakness persists without Yeezy
Adidas posted a mixed third quarter, with group sales in North America down 5% as the company adjusts to life after Yeezy and navigates higher U.S. tariffs. Global revenue rose 3% to a record €6.63 billion ($7.73 billion), CEO Bjorn Gulden said. The company ended its partnership with the rapper Ye in 2022 and sold the final Yeezy pairs at the end of 2024, a break that initially dragged results and produced a full-year loss in 2023. Excluding Yee…
The sporting goods manufacturer had already announced a new sales record last week. Operating profit, however, rose only slightly, and headwinds in the US business continued. The stock market reacted negatively.
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