adidas AG ADR

ADDYY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Adidas Earnings: Opens 2025 With Strong Momentum; Tariff Risk Looks Manageable; Shares Overvalued

David Swartz

Apr 29, 2025

Adidas' first-quarter 2025 results (13% sales growth, 52.1% gross margin, 9.9% operating margin) aligned with its preliminary report of April 23. The firm reiterated full-year guidance for high-single-digit currency-neutral sales growth and EUR 1.7 billion-EUR 1.8 billion in operating profit.

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adidas AG ADR

Adidas Earnings: Opens 2025 With Strong Momentum; Tariff Risk Looks Manageable; Shares Overvalued

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