Adidas’s Q3 Revenue At €6.44 Bn, Operating Profit Surpasses Expectations

Adidas has released its preliminary financial report for Q3 2024, estimating revenue at €6.44 billion, slightly below analysts’ expectations of €6.45 billion. The company achieved a gross profit margin of 51.3%, surpassing the forecast of 50.5%. Operating profit stood at €598 million, exceeding the expected €558.6 million.

Notably, the third-quarter results included approximately €50 million from the sale of remaining Yeezy-branded products, impacting overall performance. Excluding this revenue, Adidas still outperformed market expectations in both revenue and profitability.

Looking ahead, Adidas anticipates its full-year operating profit will reach €1.2 billion, an increase from the previously projected €1 billion.