Adidas Reports Third-Quarter Sales of 7.25 Billion Euros
Adidas recorded sales of 7.25 billion euros in the quarter through September. J.P. Morgan analysts described the results as reassuring and said soft European wholesale footwear was the main drag.
Adidas delivered a reassuring print for the third quarter, analysts at J.P. Morgan say. The German company recorded sales of 7.25 billion euros for the quarter through September. As expected, the main drag was the soft wholesale footwear business in Europe, the analysts write in a note.
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