Germany · Delayed Price · Currency is EUR adidas AG Earnings Call Transcripts
Fiscal Year 2026
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Strong double-digit growth, record margins, and increased dividends were reported, with strategic focus on local market empowerment, digital investment, and sustainability. Leadership transitions and ongoing risks from currency, tariffs, and competition were addressed.
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Q1 delivered 14% revenue growth and a EUR 705 million operating profit, driven by strong D2C and performance categories, despite FX and tariff headwinds. Guidance for the year is maintained, with continued investment in innovation and marketing, and a focus on long-term EBIT margin expansion.
Fiscal Year 2025
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Delivered 13% currency-neutral growth and record gross margin in 2025, with strong double-digit gains across all regions and channels. 2026 guidance targets high single-digit growth and EUR 2.3 billion EBIT, despite FX and tariff headwinds. Robust innovation, capital returns, and local market execution underpin confidence through 2028.