In the third quarter, Adidas’ sales increased by 11% year-on-year to 6.408 billion euros, gross profit margin decreased by 1 percentage point to 49.1%, and net profit was 179 million euros, a decrease of about 62% from 479 million euros in the same period of the previous year … Excluding exchange rate effects , Adidas’ sales in Greater China fell sharply by double digits in the third quarter, while sales in other markets recorded double-digit growth… Adidas expects that, regardless of exchange rate effects, the company’s revenue in 2022 will be in the mid-single digits Growth in the mid-to-high single-digit range, and expected double-digit revenue growth in the fourth quarter; full-year net profit is expected to be 500 million euros, compared with a previous forecast of 1.3 billion euros.
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