Company Earnings UpdateAdidas (ETR: ADS) 3Q18 Results: Misses on Revenues, Beats on Profits and Raises Full-Year Profitability Outlook Coresight Research November 8, 2018 Executive Summary Adidas grew 3Q18 revenues by 8% at constant currency but the missed consensus estimate. Earnings before interest and taxes (EBIT) and earnings per share (EPS) came in ahead of consensus. Gross margin improvement of 140 basis points (bps) was driven by improved pricing and channel and category mix. Management lowered FY18 guidance for sales growth to 8%–9% from the previous target of 10% at constant currency. It raised guidance for net income growth to 16%–20% from the 13%–17% range it stated previously. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Stretching Budgets and Shifting Choices: Navigating Back-to-School 2025—Data GraphicHigh-Income Consumers Turn Optimistic About Economy; Plus, Inflation Awareness Declines: US Consumer Survey InsightsWeekly UK Store Openings and Closures Tracker 2025, Week 32: Co-op Opens New-Format Micro StoreCEO Brief: Agentic AI—Creating a Digital Workforce to Achieve Enormous Leaps in Efficiency
