adidas AG ADR

ADDYY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$m%	LOCK\|^?Wz	LOCK\|h$NWjW

Adidas Earnings: Expectations Met, but External Factors Weigh on Outlook; Shares Attractive

David Swartz

Mar 4, 2026

Fourth-quarter results matched Adidas' preliminary release on Jan. 29. Revenue increased 2% (10% currency-neutral), and operating margin was 2.7%. On a currency-neutral basis, sales grew 5%, 3%, and 15% in Europe (30% of total), North America (21%), and Greater China (14%), respectively.

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adidas AG ADR

Adidas Earnings: Expectations Met, but External Factors Weigh on Outlook; Shares Attractive

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