Company Earnings Update 3 minutesRegister for Free AccessAdidas (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? Register for a free user account. This document was generated for Other research you may be interested in: Innovator Profile: Pi-xcels Eliminates Paper Receipts While Engaging Brick-and-Mortar ShoppersRevisiting Dubai Retail: New Developments Paint a Promising Scene in Dubai and the Persian Gulf RegionAnalyst Corner—Increasing Consumer-Centricity and Personalization in US Healthcare, with Swarooprani MuralidharFive Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping Experience
