Decent third quarter for Adidas

Decent third quarter for Adidas

Adidas has adjusted its full-year expectations upward after positive results in the third quarter. Both profit and turnover grew more than 10 % in the previous quarter.

Reached goal faster than expected

The German sports clothing brand's total turnover grew 13 % in the third quarter, up to 4.76 billion euro. That also resulted in a 311 million euro net profit, up slightly more than 10 % compared to last year when net profit was 282 million euro.

 

Those positive numbers have prompted Adidas to adjust its full-year forecast upward and it now expects a turnover growth of about 10 %. "Thanks to our outstanding performance during the first nine months we are reaching the 2015 goal line much faster than we had anticipated,” Adidas CEO Herbert Hainer said. 

 

Last year constituted one of Adidas' worst years, with huge setbacks in its golfing division in particular. It increased its marketing investments ever since, especially in the United States, as it was losing ground to its eternal competitor Nike.

Questions or comments? Please feel free to contact the editors


Twelfth straight growth quarter for Walmart

17/08/2017

American supermarket chain Walmart has surpassed analysts’ expectations for the previous quarter, the company’s twelfth straight growth quarter. The world’s largest supermarket chain especially benefited from a strong online growth.

FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

Losses keep growing for HelloFresh

14/08/2017

In the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned this fall to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Back to top