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: Consumer Confidence During the Holiday Season—Analyzing Changes by Demographic: US Consumer Survey Insights Extra3Q23 US Retail Inventory Insights: Positive Factors Pave the Way for Better Inventory Turnover in the Holiday QuarterE-Commerce Outlook: US Home-Improvement Market—Retailers Expand Their Online OfferingsOctober 2023 China Retail Sales: Year-over-Year Growth Rate Continues To Improve