Adidas AG reported a steady performance in the third quarter (Q3 FY2025), supported by higher sales and improved profitability. The sportswear giant’s net sales rose 3% year-on-year to €6.6 billion, while gross profit increased 4% to €3.4 billion during the quarter.
Net income for the quarter stood at €485 million, up 1.9%, with diluted earnings per share (EPS) climbing 5.2% to €2.57.
For the first nine months of FY2025, Adidas recorded net sales of €18.7 billion, reflecting a 5.7% rise compared to the same period last year. Gross profit increased 7.3% to €9.7 billion, and net income surged 52.1% to €1.3 billion. The company’s diluted EPS also jumped 56.6% to €7.04.
Following its stronger-than-expected quarterly performance, CEO Bjoern Gulden announced a revision to Adidas’s full-year guidance, raising its EBIT forecast from the earlier range of €1.7–1.8 billion to around €2 billion.
The results reflect the company’s ongoing recovery and operational improvement amid a competitive global sportswear market.
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