Adidas CEO Kasper Rorsted says the Yeezy business has seen "absolutely no slow down" despite Kanye West's sometime controversial takes. In discussing the brand's quarterly earnings, U.S. midterm elections, Kanye and trade tensions, Rorsted told CNBC:
"We had a very strong third quarter in our Yeezy line," Rorsted said. "We expect to continue strong business with Kanye West also in the years to come. So far, we’ve seen absolutely no slow down in the Yeezy business and in our collaboration with Kanye West."
According to S&P Global Markets Intelligence, Adidas surpassed its estimated earnings forecast by 10% in Q1, as the brand pulled in $978 million.