German company Adidas’ operating profit at €409 mn in Q3 FY23

Germany multinational sportswear firm Adidas saw a decline in its Q3 FY23 operating profit to €409 million and a 6 per cent dip in revenues to €5.999 billion.
Despite the dip, the company improved its gross margin to 49.3 per cent.
Adidas now anticipates an operating loss of around €100 million, improved from a previously estimated loss of €450 million.

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