11/6/2019, 7:39 AM (Source: TeleTrader)
more TeleTrader news

Adidas' revenue rises 9% YoY to €6.41B in Q3

Adidas AG said on Wednesday that its revenue in the third quarter of fiscal 2019 stood at €6.41 billion, jumping 9% year-on-year. The company's gross profit increased by 9.7% to reach €3.34 billion while net income dropped by 1.9% to €646 million in the three months through September.

Diluted earnings per share remained unchanged to amount to €3.27. Meanwhile, operating profit in the third quarter stood at €897 million, unchanged against the same period a year prior.

"I am very pleased with our third quarter results and the continued progress made in our strategic growth areas, delivering double-digit sales increases at Adidas North America as well as in Greater China and e-commerce," Adidas CEO Kasper Rorsted said commenting on the report.

Baha Breaking News (BBN) / GA