Adidas posted its highest quarterly sales ever last quarter. A remarkable comeback, given that the sports brand is emerging from a difficult period and is facing US import tariffs.
Growth across the board
Adidas’ revenue rose 12% in constant currency to €6.63 billion in the third quarter, with double-digit growth in virtually all markets, product categories, and sales channels. The gross margin improved by half a percentage point to 51.8%, despite negative currency effects and higher import tariffs. Operating profit increased to €736 million, compared to €598 million a year earlier.
