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: Five Ways To Win in the China Market: Opportunities for Western Brands and Retailers—China Retail InsightsMarket Outlook: US Food Away from Home—A Challenging Economic Backdrop To Weigh on Growth in 2023Three Things You Need To Know: Head-to-Head in US Drugstore Retailing—CVS Health vs. Walgreens Boots AllianceAugust 2023 UK Retail Sales: Surprising Discretionary Resilience Even as Grocery Volume Declines Continue
