Adidas Defies Yeezy Loss: Q3 Sales Surge

Adidas defies the odds! Despite losing the revenue from its Yeezy line, the sportswear giant's shares jumped 3% after reporting a 12% surge in currency-neutral sales across all markets and product lines. Revenue hit 6.6 billion euros, with operating profit soaring to 736 million euros. The company is so confident that it has raised its full-year outlook, projecting a 9% sales increase and a 2 billion euro operating profit.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.