Company Earnings Update 3 minutesRegister for Free AccessAdidas (ETR: ADS) 3Q17 Results: Profitability Beats Estimates, Revenue Growth Disappoints Coresight Research November 10, 2017 Executive Summary Adidas reported that 3Q17 revenue was up 12.0% year over year on a currency-neutral basis and up 8.7% year over year in euro terms, to €5,677 million, which was below the consensus estimate of €5,910 million. EBIT grew by 34.6% year over year, to €795 million, above the consensus estimate of €755 million. Net income from continuing operations grew by 34.8%, to €549 million, above the consensus estimate of €513 million. All regions with the exception of Russia/CIS saw revenue growth on a currency-neutral basis and performance was strong in Greater China and North America. Adidas confirmed its guidance for FY17. The company expects its currency-neutral sales to grow by 17%–19%, its operating profit to increase by 24%–26% and its net income from continuing operations to grow by 26%–28%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Consumers Dine Out at Record-High Rates: US Consumer Survey InsightsShoptalk 2024 Day One: Game-Changing AI, Multi-Benefit Associate Apps and the Keys to Success for Retail Media (Not for the Faint-Hearted)Three Data Points We’re Watching This Week, Week 44: Wellness and SustainabilityUS CPG Sales Tracker: Strong Beauty Performance Drives Total CPG Growth