Adidas AG raised its full-year 2026 operating profit forecast after preliminary results showed record third-quarter revenue and earnings. The company now expects operating profit of approximately €2.5 billion, up from its previous forecast of around €2.3 billion.
Third-quarter revenue climbed 9% to a record €7.25 billion. Operating profit surged 37% to an all-time high of €1.01 billion.
Performance benefited from healthy full-price sales and a refund of around €200 million related to U.S. tariffs. The refund also helped lift gross margin to 54.3%.
Adidas plans to reinvest about €100 million in the fourth quarter to support future growth and operating leverage. The company confirmed its full-year forecast for currency-neutral revenue growth of 9% to 10%.