Adidas confirms preliminary results, raises guidance

Oct 29 (Reuters) German sportswear maker Adidas on Thursday confirmed its previously released results for the third ​quarter and raised its guidance ‌for the year, citing strong sales of its running and football lines. • In an unscheduled earnings release last week it raised its ‌full-year ​profit outlook and reported ⁠a 37% increase ⁠in third-quarter operating profit, lifted by a US tariff refund and full-price sales. • Marketing and point-of-sale expenses were up ​4% to €833 million ($929.79 million), reflecting additional brand investments around the World ⁠Cup throughout July as ⁠well as normalizing marketing spend ​since August. • The company has been investing ​in new styles as the popularity ‌of its Samba and Gazelle sneakers gradually fades, including the launch of its lightest‑ever racing shoe, the Adizero ⁠Adios Pro Evo 3, which helped Kenyan runner Sabastian Sawe to crack the two‑hour marathon ⁠barrier in ‌April. • In the quarter, ⁠performance revenues were up 14% ​on ‌a c