Adidas Reports Preliminary Record Q3 Revenue and Operating Profit, Raises Guidance
Adidas reported preliminary third-quarter results with record revenue and operating profit figures and raised its full-year guidance. JPMorgan analysts described the results as solid amid soft sentiment in the sporting-goods sector.
JPMorgan analysts say Adidas’s results appear solid despite weak sentiment across the sporting-goods sector. The German company reported preliminary third-quarter figures showing record revenue and operating profit, and raised its guidance for the year. Adidas will release its complete quarterly results…