PARIS — Adidas AG raised its earnings forecast for the third time this year after posting a 25 percent rise in third-quarter profit, but the company kept its margin outlook unchanged.
On Thursday, the world’s second-largest sporting goods company said earnings per share (EPS) in 2010 should increase to between 2.68 and 2.70 euros, or $3.76 to $3.79 at current exchange, representing a 5 percent increase from the previous forecast. And in its first forecast for 2011, Adidas said EPS should increase by 10 to 15 percent next year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)