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: Alarming Return Rates Require Loss-Minimization Solutions: Key Insights—Free InfographicRetail Innovation in China: Insights Presented at Shoptalk 2024Retail-Tech Trends 2024—Reshaping Retail: Insights Presented at CES 2024November 2023 China Retail Sales: Growth Continues To Strengthen