German sportswear company Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West.
Third-quarter sales rose a currency-adjusted 6% to 6.41 billion euros ($7.10 billion), beating analysts’ mean forecast of 6.32 billion euros, although footwear sales were up just 1% measured against a major Yeezy launch last year.