Analysts drew contrasts with Nike’s struggling performance after Adidas reported another beat-and-raise quarter.

Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the third quarter and good brand momentum as it benefits from popularity of its three-striped Samba and Gazelle shoes.

After a better-than-expected third quarter, German sportswear manufacturer Adidas has once again raised its forecasts for the current year. The company announced after the market closed from its headquarters in the Bavarian town of Herzogenaurach on Tuesday that operating profit is now expected to reach around €1.