adidas AG ADR

ADDYY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Adidas Earnings: Strong 2026 Start Provides Confidence in Long-Range Plan; Shares Attractive

David Swartz

Apr 30, 2026

With 31% growth in apparel, Adidas' first-quarter currency-neutral sales soared 14%. Although its gross margin fell by 1 percentage point on unfavorable currency movement and higher US tariffs, its operating margin improved by 80 basis points to 10.7% as overhead costs increased by just 3%.

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adidas AG ADR

Adidas Earnings: Strong 2026 Start Provides Confidence in Long-Range Plan; Shares Attractive

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