Adidas has projected an operating profit of approximately €2 billion for the full year, up from an earlier estimate of between €1.7 billion and €1.8 billion.
Full-Year Estimates:
The anticipated operating profit is approximately €2 billion, revised from the previous guidance of €1.7 billion to €1.8 billion.
Preliminary Q3 Performance:
- Gross margin preliminary data: 51.8%, estimated at 51.3%;
- Preliminary operating profit: €736 million, against an estimate of €687.8 million;
- Preliminary operating margin: 11.1%, compared to an estimate of 10.2%;
- Preliminary revenue: €6.63 billion, estimated at €6.73 billion.
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