Friday, November 22, 2024

Adidas reports rise in China sales in third quarter

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(Reuters) – Adidas on Tuesday said it saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection were up on the year on increasing brand momentum.

Currency-neutral quarterly sales rose 9% to 946 million euros ($1.02 billion) in Greater China, up from 870 million euros a year earlier, the company said.

The German sportswear maker released preliminary third-quarter figures and hiked its annual guidance again earlier in October.

($1 = 0.9252 euros)

(Reporting by Linda Pasquini in Gdansk; Editing by Rachel More)

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