FRANKFURT, Oct 20 (Reuters) – German sportswear maker Adidas on Tuesday raised its full-year profit outlook and reported a 37% increase in third-quarter operating profit. • Third-quarter operating profit rose to a record €1.008 billion ($1.1 billion) from €736 million a year earlier • The company said operating profit for the full year would be […]
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Germany’s Adidas raises full-year profit outlook
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FRANKFURT, Oct 20 (Reuters) – German sportswear maker Adidas on Tuesday raised its full-year profit outlook and reported a 37% increase in third-quarter operating profit.
• Third-quarter operating profit rose to a record €1.008 billion ($1.1 billion) from €736 million a year earlier
• The company said operating profit for the full year would be around €100 million more than previously expected
• Adidas made the statements in an unscheduled earnings release ahead of its full earnings report scheduled for October 29
($1 = 0.8902 euros)
(Reporting by Tom Sims and Alexander Huebner. Editing by Mark Potter)