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Prime Content | 
Global sportswear giants navigate mixed fortunes in latest quarter

04 Jan '24
3 min read
Pic: Ned Snowman - stock.adobe.com
Pic: Ned Snowman - stock.adobe.com

Insights

  • 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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