Adidas Beats Q1 Estimates as Tariffs and Currency Threaten €400 Million Profit Hit
Adidas reported stronger-than-expected first-quarter results, with revenue of €6.59 billion and operating profit of €705 million exceeding estimates of €6.3 billion and €647 million, respectively. Net income from continuing operations was €484 million, also ahead of expectations, helped by strong momentum in the apparel division and healthy demand for football, running and training products.
The company maintained its forecast for full-year operating profit at about €2.3 billion, compared with an analyst estimate of €2.42 billion, and said higher U.S. tariffs and adverse currency developments are expected to reduce full-year operating profit by about €400 million. Adidas also said sales declined in several Middle East markets as a result of the conflict.
From the sources (5 posts)
@firstsquawkAdidas said higher U.S. tariffs and adverse currency developments are expected to impact full-year operating profit by approximately €400 million
@firstsquawkAdidas reported that sales declined in several Middle East markets as a result of the conflict
@businessAdidas reports upbeat first-quarter results, supported by strong momentum in its apparel division and healthy demand for its football, running and training products
@firstsquawkAdidas CEO stated that the majority of World Cup products are in markets, despite ongoing supply and transportation challenges
@livesquawkAdidas Q1 2026 Earnings - Rev. EU6.59B (est EU6.3B) - Oper Profit EU705M (est EU647M) - Net From Cont Ops EU484M (est EU468.1M) - Gross Margin 51.1% (est 51.7%) - Still Sees FY Oper Profit About EU2.3B (est EU2.42B)