adidas Posts Record Q3 Profit Above €1B, Lifts Full-Year Guidance
ADDYY sits 22% above its 52-week low of $75.185.
Summary
Preliminary Q3 operating profit jumped 37% to more than €1B, a record, and sales rose 9% to a record €7.25B — about €20M ahead of expectations. Gross margin improved 250 basis points to 54.3%, helped by collecting the majority of its U.S. tariff claims and by full-price selling. Management raised FY26 guidance to 9-10% currency-neutral revenue growth and lifted operating profit by roughly €100M, while earmarking €100M of Q4 spending to build operating leverage. CEO Bjørn Gulden flagged continued footwear-industry pressure from excess inventory and discounting, so the beat is partly tariff-driven rather than purely demand-led. Final Q3 results land October 29.
At the time of this announcement, ADDYY was trading at $91.55 on OTC in the Trade & Services sector, with a market capitalization of approximately $30.6B. The 52-week trading range was $75.19 to $118.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.