Global sportswear giants navigate mixed fortunes in latest quarter

Adidas saw a 6 per cent dip in Q3 FY23, but footwear grew 6 per cent.
Puma reported a 6 per cent sales rise, with strong direct-to-consumer growth.
Nike’s revenue increased by 1 per cent, with a 19 per cent jump in net income.
Under Armour remained stable with $1.6 billion in revenue, showing a mix of challenges and successes among top athleticwear brands.

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