adidas Keeps Winning With a 20 Percent Revenue Jump This Quarter
adidas’ new CEO says it will be a “record year.”
adidas AG reported a 15 percent jump in third-quarter net profits, pulling in €387 million EUR (approximately $432.1 million USD). The German sports giant has been building up momentum and sales are up 14 percent year-over-year. This is a result of strong performance in adidas’ Sport Performance, Originals, and Neo lines as well as the Reebok brand. The Three Stripes logged double-digit growth in every market with the exception of Russia. Kasper Rosted, who took over as CEO of adidas replacing Herbert Hainer said, “Going forward… we will ensure that the adidas Group remains a growth company that delivers sustainable top- and bottom-line improvements in the years to come as outlined in our long-term strategic business plan.”
