Strong quarter for adidas despite Reebok dip - sportstextiles: Lea SportsTextiles

News

Strong quarter for adidas despite Reebok dip

08/11/2018
Sportswear manufacturer adidas has reported revenue of €5.8 billion in the third quarter of 2018 (ended September 30), an increase of 8% compared to the same period of last year on a currency-neutral basis.

Revenue from the adidas brand was €5.3 billion, up 9.8%. The company said this was driven by growth in sales of its Sport Performance products, particularly training and running gear.

The net sales of the Reebok brand fell 4.7% to €436 million. This decline came despite double-digit growth from the brand’s Classics business.

There was mixed news for the overall adidas group in terms of regional performance, with increases in revenue in North America (+16.5%), Asia-Pacific (+15.2%) and Russia/CIS (+6.5%) mixed with declines in Western Europe (-1.3%), Latin America (-0.4%) and Emerging Markets (-2.4%).

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.