Adidas Reports Solid Results Amid Weak Sentiment in Sports
Dow Jones10-21
1106 GMT - Adidas's results look solid amid soft sentiment in the sporting-goods sector, analysts at JPMorgan say. The German group reported preliminary third-quarter results with record revenue and operating profit figures, and raised its guidance for the year. The company will publish full quarterly results on Oct. 29. The analysts expect the focus next week to be on the strength and visibility of footwear growth into 4Q and 2027. They will also look at the pace of wholesale recovery in Europe and in the U.S., given the widely reported promotional environment. Shares are up 2.9%.
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