Adidas lifts full-year profit outlook after strong Q3 results and tariff refund

Adidas announced that third-quarter operating profit surged 37% to €1.01 billion, the highest quarterly figure on record, largely due to a €200 million refund from U.S. tariff claims. Revenue climbed 9% to a record €7.25 billion, while currency-neutral revenue grew 7% and gross margin improved by 2.5 percentage points to 54.3%. The tariff refund and strong full-price sales lifted margins, offsetting adverse currency effects.

Based on these results, the company now projects full-year operating profit of about €2.5 billion, roughly €100 million higher than previously forecast, and intends to allocate €100 million to growth initiatives in the final quarter. Analysts had expected €2.4 billion, and Adidas’ U.S. ADRs rose up to 3.9% after the release. Final Q3 numbers are scheduled for Oct. 29.