It was a mixed bag of results, but mostly good news, when Adidas announced its Quarter 3 results on Thursday.
Sales for the company are up 31 percent in North America, topping the $1 billion mark. E-commerce played a major role in the growth, with sales from that channel up 39 percent. Adidas also announced that it sold in 1,500 more branded retail locations over the past year.
"This was another really, really strong quarter," said Adidas North America President Mark King. "We feel like the investments we’ve made over the past couple of years are allowing us to have really solid, sustainable growth."
Adidas Originals is another driving factor in the brand's growth in the market. The category was up 22 percent in Q3, which modern franchises like the NMD now making up half of its business.
One cause for concern was the fact that Q3 sales grew half as quickly as in the last quarter. However, overall sales still increased 9 percent and the company credits improved operations for a 35 percent bump in net income. Earnings per share also rose by 33 percent.
Adidas recently surged past Jordan Brand as the number 2 U.S. footwear brand. The company expects double-digit growth by 2020.