Adidas posts record Q3 results and raises full‑year profit outlook, widening gap with Nike
Adidas reported Q3 operating income of €1.008 bn, a 37 % increase year over year, and revenue of €7.3 bn, up 9 % on a reported basis. The company lifted its full‑year operating profit guidance to €2.5 bn and said gross margin rose 2.5 percentage points to 54.3 % on a reported basis, helped by tariff refunds. Nike’s latest quarter showed a 4 % decline in revenue, underscoring the competitive advantage Adidas now enjoys.
Why it matters
The higher profit guidance signals stronger earnings potential for Adidas, which may attract investors away from Nike and pressure Nike’s share price as market‑share gains become evident (the company’s statement).
Key facts
- 1Q3 operating income reached €1.008 bn, a 37 % increase year over year (reported basis). marketscreener.com
- 2Q3 revenue was €7.3 bn, up 9 % year over year on a reported basis. finance.yahoo.com
- 3Full‑year operating profit guidance was raised to €2.5 bn (full‑year forecast, reported basis). finance.yahoo.com
- 4Gross margin improved by 2.5 percentage points to 54.3 % on a reported basis. finance.yahoo.com
- 5Tariff refunds of roughly €200 m boosted Q3 profit. finance.yahoo.com
- 6Nike’s Q3 revenue fell 4 % year over year to $11.2 bn (reported basis). finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.