ADIDAS LIFTS PROFIT VIEW AFTER U.S . TARIFF REFUNDS , RECORD QUARTERLY PERFORMANCE

What happened: Adidas raised its full-year profit guidance after receiving U.S. tariff refunds and posting record quarterly results. Key numbers: About 200 million euros ($224.3 million) in U.S. tariff refunds. Third-quarter revenue rose 9% to a record 7.25 billion euros ($8.13 billion), up 7% excluding currency. Why it matters: CEO Bjorn Gulden cited strong growth in soccer, running and training, with apparel demand high. The raise comes as the sports industry faces high competition, soft demand and inflation, conditions that had kept Adidas from lifting forecasts in recent months.

Adidas raised its full-year profit guidance after receiving U.S. tariff refunds and posting record quarterly results.

CEO Bjorn Gulden cited strong growth in soccer, running and training, with apparel demand high. The raise comes as the sports industry faces high competition, soft demand and inflation, conditions that had kept Adidas from lifting forecasts in recent months.