Company Earnings UpdateAdidas (ETR: ADS) 3Q18 Results: Misses on Revenues, Beats on Profits and Raises Full-Year Profitability Outlook Coresight Research November 8, 2018 Executive Summary Adidas grew 3Q18 revenues by 8% at constant currency but the missed consensus estimate. Earnings before interest and taxes (EBIT) and earnings per share (EPS) came in ahead of consensus. Gross margin improvement of 140 basis points (bps) was driven by improved pricing and channel and category mix. Management lowered FY18 guidance for sales growth to 8%–9% from the previous target of 10% at constant currency. It raised guidance for net income growth to 16%–20% from the 13%–17% range it stated previously. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Holiday 2024: US Retail Wrap-Up—Apparel and Amazon Dominate SpendingThree Data Points We’re Watching This Week, Week 24: Consumer Sentiment Improves: US vs. ChinaPositive Sentiment Trend Comes to an End: Weekly US Consumer Sentiment, Week 21, 2025—InfographicConsumer Sentiment Shows Signs of Improvement Amid Temporary Tariff Reduction: China Consumer Survey Insights
