Sportswear brand Adidas's revenues increased 10% for the third quarter of its financial year compared with the same three months last year.

Excluding Yeezy sales in both years, currency-neutral revenues increased 14% during the quarter.

The company’s third quarter operating profit increased to € 598 million (2023: €409 million), including a contribution of around € 50 million from the sale of parts of the remaining Yeezy inventory.

The company has increased its full-year guidance to reflect the better-than-expected performance during the quarter and the current brand momentum. It now expects revenues to increase at a rate of around 10% in 2024.

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