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Adidas Will Achieve ‘Highest Revenue Ever’ in Q3, Preliminary Results Reveal

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Adidas Will Achieve ‘Highest Revenue Ever’ in Q3, Preliminary Results Reveal

The company is also increasing its operating profit outlook for the full year.

Adidas is predicting better-than-expected third-quarter results ahead of its official report this month.

On Tuesday, the German athletic company noted that it has increased its operating profit outlook for the full year 2026 following record top and bottom-line third-quarter results.

Based on preliminary figures for the third quarter, revenues increased 9 percent to a record 7.25 billion euros. In currency-neutral terms, revenues grew 7 percent in the quarter. The company’s gross margin improved by 2.5 percentage points and reached a level of 54.3 percent. Third-quarter operating profit increased 37 percent to 1.01 billion, the highest quarterly level on record, Adidas said.

During the quarter, the company said it received the majority of its U.S. tariff claims. The company recorded a corresponding refund of around 200 million euros, which contributed to the gross margin improvement. In addition to the tariff refund, the strong gross margin development was driven by healthy full-price sales, while unfavorable currency developments had a negative impact.

Following the better-than-expected third-quarter results, the company now expects its currency-neutral revenue growth of between 9 percent and 10 percent in the full year 2026 to lead to higher profitability.

Specifically, the company expects operating profit to be around 100 million euros higher than previously assumed. 6 billion euros in 2026.



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