adidas AG ADR

ADDYY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Adidas: Preliminary Results Demonstrate Strong Execution and Consumer Appeal; Shares Undervalued

David Swartz

Jan 30, 2026

Adidas reported preliminary fourth-quarter results of 10% constant-currency sales growth, a 50.8% gross margin (up 100 basis points), and EUR 164 million in operating profit. In addition, the firm announced plans to repurchase up to EUR 1 billion in shares in 2026.

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adidas AG ADR

Adidas: Preliminary Results Demonstrate Strong Execution and Consumer Appeal; Shares Undervalued

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