Adidas Ekes Out Growth in Q3 on Gains in all Regions Except North America
November 8, 2023
Adidas posted a 1 percent increase in currency-neutral (c-n) revenues in the third quarter of 2023. The company said the top-line development reflected the company’s conservative sell-in approach aimed at reducing high inventory levels, improved sell-through as well as the company’s focus on full-price sales across its own channels.
In euro terms, the company’s revenues declined 6 percent to €6.00 billion in the third quarter, compared to €6.41 billion in q3 last year.
Adidas third quarter revenues were also said to be impacted by the sale of parts of its remaining Yeezy inventory. SGB Media