adidas AG

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Adidas Earnings: Solid Results in Tough Market Affirm Durability of Turnaround; Shares Attractive

David Swartz

Oct 29, 2026

Adidas' third-quarter report aligned with its October 20 preliminary release. The firm's sales rose 9% on 20% growth in its direct-to-consumer channels (39% of sales). Its operating margin increased 280 basis points to 13.9% but was roughly flat if a EUR 200 million tariff refund is excluded.

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adidas AG

Adidas Earnings: Solid Results in Tough Market Affirm Durability of Turnaround; Shares Attractive

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