The company said, “Given the strong brand momentum, the company’s robust fundamentals, its healthy balance sheet and strong cash flow generation, as well as Management’s confidence in the future development of adidas (ADDYY), the adidas Executive Board has, with the approval of the Supervisory Board, decided to launch a share buyback. Starting in early February, the company plans to buy back shares worth up to EUR 1B in 2026. The share buyback will be financed through the company’s anticipated strong cash flow generation in 2026. adidas intends to cancel the repurchased shares.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADDYY:
- Adidas reports Q4 preliminary revenue EUR 6.08B, operating profit EUR 164M
- Adidas downgraded to Sector Perform from Outperform at RBC Capital
- Adidas initiated with an Outperform at Grupo Santander
- Adidas price target raised to $146.02 from $127.09 at Bernstein
- Adidas price target lowered to EUR 210 from EUR 230 at Telsey Advisory