Operating profit increase
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Adidas shares fall as profit outlook disappoints
Reuters· 2026-03-04 06:36
Group 1 - Adidas expects its operating profit to rise to approximately 2.3 billion euros ($2.7 billion) in 2026, despite facing a negative impact of around 400 million euros from U.S. tariffs and unfavorable currency developments [1][2] - The company anticipates currency-neutral revenues to increase at a high-single-digit rate, contributing an additional 2 billion euros in revenue [1] - In 2025, Adidas reported sales of 24.8 billion euros and an operating profit of 2.06 billion euros [2] Group 2 - Adidas has proposed Nassef Sawiris as the new chairman and extended the CEO's contract to 2030 [5]