adidas AG ADR

ADDYY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Adidas Earnings: Winning Revenue Result Comes With Costs; Shares Attractive

David Swartz

Jul 31, 2026

Adidas' revenue rose 13% in the second quarter as it achieved double-digit sales growth in all regions except Europe (6% growth, 31% of total). The company's gross margin increased 80 basis points to 52.5%, but its operating margin fell to 8.5% from 9.2% on a 30% rise in marketing expenses.

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adidas AG ADR

Adidas Earnings: Winning Revenue Result Comes With Costs; Shares Attractive

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