India, Oct. 21 -- Adidas AG (ADS.DE,ADS.MI,ADDYY), a German athletic apparel, footwear, and related products company, announced Wednesday preliminary third-quarter results, reporting higher operating profit and revenues. Further, the firm raised fiscal 2026 operating profit outlook.
Revenues increased 9 percent from last year to 7.252 billion euros. In currency-neutral terms, revenues grew 7 percent in the quarter.
The company's gross margin improved by 2.5 percentage points to 54.3 percent. Third-quarter operating profit increased 37 percent to 1.008 billion euros, the highest quarterly level on record.
Looking ahead for fiscal 2026, Adidas continues to expect its currency-neutral revenue growth of between 9 percent and 10 percent to le...