Adidas revealed record quarterly results, with net income reaching €652 million in the third quarter, sources reported.

The German company buoyed by sales growth in all geographies, including the world's emerging markets, and raised its sales and earnings guidance for 2011. Its earnings per share are set to increase from 10 per cent to 15 per cent next year.

"Our brands and products are resonating with consumers around the world like never before," said Herbert Hainer, chief executive officer of Adidas Group. "We will finish 2011 clearly exceeding our initial expectations after already surpassing our 2008 record earnings mark after the first nine months."