Adidas posts higher revenue, profit
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Adidas saw its revenue surge in the last fiscal year, according to the athleticwear company’s preliminary results.
Revenue soared 24 percent to €23.68 billion (US$24.70 billion), while gross margin improved to 50.8 percent, with operating profit up 398.9 percent to €1.34 billion.
“We clearly see that consumers’ and retailers’ interest in our products is growing across both lifestyle and performance,” said Bjorn Gulden, Adidas CEO.
“Strong growth across all regions and divisions proves the good job our teams are doing across regions and functions.”
Last October, the company said it expects full-year revenue to rise 10 percent and operating profit to reach around €1.2 billion.
Adidas will publish the final results and 2025 financial guidance on March 5.
Questions & Answers
Q.How much did Adidas's revenue increase in the last fiscal year?
How much did Adidas's revenue increase in the last fiscal year?
Adidas's preliminary results show revenue surged by 24 percent, reaching €23.68 billion. This indicates strong performance compared to the previous period, contributing to the overall positive financial outlook for the company.
Q.What was the operating profit for Adidas in the last fiscal year?
What was the operating profit for Adidas in the last fiscal year?
The company's operating profit rose by 398.9 percent, reaching €1.34 billion. This significant increase highlights a substantial improvement in profitability over the reporting period, exceeding earlier projections.
Q.Did Adidas meet its earlier financial expectations for the year?
Did Adidas meet its earlier financial expectations for the year?
Yes, the company's preliminary results surpassed its October forecast. Adidas had expected a 10 percent revenue rise and operating profit around €1.2 billion, but achieved a 24 percent revenue surge and €1.34 billion operating profit.
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