Sportswear giant, Adidas, has raised its profit outlook for the year.

The brand, which has a store at Gloucester Quays, had a better-than-expected first quarter and now expects to make profits of £597m, a big increase on the earlier forecast of £427m.

Operating profit for the quarter hit £286.6m, compared to £51.2m the previous year, as reported by Retail Gazette.

Adidas recently reported its first losses in 30 years, after abandoning its long-term deal with rapper Kanye West, following antisemitic remarks.

It sold £128m worth of West's Yeezy products during the quarter, at a profit of around £43m.

Adidas said the rest of the Yeezy stock would probably be sold for around £171m later in the year, with no additional profit. It previously pledged to donate some of the proceeds from the remaining Yeezy stock to charity.