Sportswear maker adidas AG (ADDYY.PK) reported that its third quarter preliminary operating profit increased to 598 million euros from 409 million euros in the prior year. The latest-quarter result included a contribution of around 50 million euros from the sale of parts of the remaining Yeezy inventory.
Quarterly currency-neutral revenues increased 10% from the prior year. In euro, terms, the company's revenues grew about 7% to 6.438 billion euros from last year's 5.999 billion euros. Excluding Yeezy sales in both years, currency-neutral revenues increased 14% during the quarter.
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