Adidas (ADDYY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 30, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.36

Last Year’s EPS

1.17

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a predominantly positive operational and commercial story: robust demand drove 14% currency‑neutral top‑line growth, strong DTC/e‑commerce momentum, substantial apparel and performance category gains, and a meaningful increase in operating profit to EUR 705 million. Management also highlighted product innovation, regional market wins and continued shareholder returns. Key negatives include a 100 bps gross margin drag from FX and tariffs, deliberate inventory and working‑capital build that reduced cash, ongoing footwear/lifestyle discount pressure, and geopolitical and cost‑inflation risks (Middle East, oil/transport). Management believes these headwinds are manageable, reiterated guidance, and outlined clear medium‑term targets (EUR ~2bn p.a. growth and ~10%+ EBIT by 2027). Overall, positives (strong growth, margin resilience, DTC strength, innovation and shareholder returns) outweigh the identifiable, addressable risks.

Company Guidance

Adidas reiterated its full‑year guidance and longer‑term targets: management expects to add roughly EUR 2.0bn of sales p.a., deliver high‑single‑digit growth in 2027–28 and reach a 10%+ EBIT margin by 2027. In Q1 the company delivered ~EUR 6.6bn revenue (14% currency‑neutral, 7% reported), gross margin 51.1% (down ~100bps; FX and new U.S. tariffs each ~EUR 50m), operating profit EUR 705m (10.7%, ≈+EUR 100m YoY), net income EUR 484m (+11%) and basic EPS broadly stable; marketing was 11.5% of sales, operating overheads +3%. Channel and product metrics: DTC +22% (own retail +19%, e‑commerce +25%), channel mix ~62% wholesale / 38% DTC (stores 22% / e‑comm 16%), product split 56% footwear / 37% apparel / 7% accessories, footwear +4%, apparel +31%, accessories +13%, performance +29% (running ≈30%). Working capital/inventory: inventories +13% (17% cc), receivables +11% (16% cc), working‑capital up 21% (26% cc); Q1 tax ~25%. Cash return and financing: completed EUR 500m buyback (3.3m shares), another EUR 500m buyback planned and a proposed EUR 500m dividend (total ~EUR 1.5bn return in 2026). Management flagged an FY FX headwind of ~3–4%, expects gross margin to improve in H2 as hedges roll and will step up Q2 marketing for the World Cup; a potential tariff recovery of ~EUR 300m is not included in guidance.

Strong Top-Line Growth

Q1 net sales grew 14% currency-neutral (reported +7%), delivering nearly EUR 6.6 billion in revenue and demonstrating broad demand across markets and channels.

Direct-to-Consumer and E‑commerce Momentum

DTC grew strongly (Harm noted 22% D2C growth); channel breakdown: wholesale +8%, own stores +19%, e‑commerce +25%, supporting higher full‑price sell‑through and brand engagement.

Significant Operating Profit Improvement

Operating profit rose to EUR 705 million with an operating margin of 10.7%; operating profit increased by about EUR 100 million year-over-year.

Apparel and Performance Category Outperformance

Apparel delivered +31% growth; performance categories overall grew 29% with running near +30%, football and training showing very strong momentum.

Product & Innovation Momentum

High-visibility innovations and launches (Evo 3, Hyperboost, Adizero Prime X EVO UltraCharge, hybrid training shoe, printed technology, first adaptive running shoe) increased brand heat and commercial pipeline.

Regional Strengths and Strategic Wins

Greater China, South Korea, Japan and Latin America showed strong momentum (LatAm noted as #1 in region); new long‑term partnership signed with Bundesliga through 2034 and expanded motorsport (F1) partnerships.

Capital Return and Balance‑sheet Actions

Completed EUR 500 million share buyback (3.3 million shares) and planning another EUR 500 million; proposing ~EUR 500 million dividend — EUR 1.5 billion cash return planned for 2026.

Maintained Full‑Year Guidance and Medium‑Term Targets

Company reaffirmed 2026 guidance, expects to add ~EUR 2 billion sales p.a. over coming years and targets ~10%+ EBIT by 2027 while keeping discipline on costs.

Adidas (ADDYY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ADDYY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2026	2026 (Q2)	1.35 / -	1.165	―	―	―
Apr 29, 2026	2026 (Q1)	1.55 / 1.58	1.389	13.75% (+0.19)
Mar 04, 2026	2025 (Q4)	0.27 / 0.24	-0.14	274.29% (+0.38)
Oct 29, 2025	2025 (Q3)	1.55 / 1.50	1.317	13.82% (+0.18)
Jul 30, 2025	2025 (Q2)	1.13 / 1.17	0.59	97.46% (+0.58)
Apr 29, 2025	2025 (Q1)	1.15 / 1.39	0.513	170.76% (+0.88)
Mar 05, 2025	2024 (Q4)	-0.13 / -0.14	-1.291	89.16% (+1.15)
Oct 29, 2024	2024 (Q3)	1.00 / 1.32	0.749	75.83% (+0.57)
Jul 31, 2024	2024 (Q2)	0.53 / 0.59	0.262	125.19% (+0.33)
Apr 30, 2024	2024 (Q1)	0.59 / 0.51	-0.099	618.18% (+0.61)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ADDYY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2026	$79.55	$86.17	+8.33%
Mar 04, 2026	$83.99	$81.42	-3.05%
Oct 29, 2025	$106.06	$95.09	-10.34%
Jul 30, 2025	$112.38	$99.05	-11.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.