German sportswear giant Adidas confirmed its outlook for 2019 and boasted that it was on track for another record year.
Adidas said growth may accelerate before the end of the year, and it is now expected to reach between 5% and 8% for 2019. Despite some pressure on margins due to increased operating costs in Q3, the company predicts net income will rise from 10% to 14% by the end of the year, to 1.88–1.95 billion euros.
“[We] remain confident about a significant top-line acceleration during the fourth quarter,” CEO Kasper Rorsted said in a statement. “2019 will be a record year, despite some challenges.”