man in blue adidas hoodie doing magic trick
Photo by Kaique Rocha on

Adidas said Thursday it booked a profit in the second quarter, showing tentative signs of recovery as it sells off its huge inventory of rapper Kanye West's Yeezy merchandise.

The German sportswear giant reported a net profit of 84 million euros from April to June, following two consecutive quarters of losses.

But this was still substantially lower than in the same period a year earlier.

Adidas has endured a period of chaos since October last year when it ended its lucrative tie-up with rapper West — now known formally as Ye — after he made a series of antisemitic outbursts.

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