adidas (ETR:ADS) Third Quarter 2024 Results

Key Financial Results

• Revenue: €6.44b (up 7.3% from 3Q 2023).

• Net income: €436.0m (up 75% from 3Q 2023).

• Profit margin: 6.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: €2.44 (up from €1.39 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

adidas EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe.

Performance of the market in Germany.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on adidas' balance sheet.

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