German sporting goods maker adidas AG increased revenue by 2.2% to 5.952 billion euros in the second quarter from 5.822 billion euros in the same period in 2024, according to reports.
Excluding changes in foreign exchange rates, it was up 8 per cent.
Analysts, whose estimates were quoted by The Wall Street Journal, had expected revenue of €6.15bn.
Adidas’ operating profit jumped to 546 million euros last quarter from 346 million euros a year earlier. Net income from operations rose 77.3 per cent to €375m.
Gross margin climbed 0.9 percentage points to 51.7 per cent.
Footwear sales rose 3 per cent last quarter excluding exchange rate differences, apparel 17 per cent and accessories 7 per cent.
In Latin America, sales excluding currency fluctuations were up 22 per cent, emerging markets up 12 per cent, Europe up 4 per cent, China up 2 per cent, Japan and South Korea up 13 per cent and North America up 8 per cent.
Adidas reaffirmed its forecast to generate operating profit in the range of €1.7-1.8bn and revenue growth of 7-9% (high-single-digit) in 2025, excluding currency fluctuations.
The company’s share prices are down 6.4 per cent during trading on Wednesday.