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Adidas Earnings Recover in Q3, But Lockdowns Could Affect Outlook

November 10, 2020

The German-based sportswear company reported that income for the three months ending Sept. 30 was $683 million down from $761.5 million a year earlier. Revenues in Q3 decreased 7% to $7.04 billion; Q2 revenue decreased 34%. In the first nine months of 2020, revenues decreased 18% on a currency-neutral basis. Read more on Front Office Sports.