Adidas demonstrated strong financial performance and growth across most markets, driven by effective inventory management and operational efficiency. However, challenges such as increased US tariffs and e-commerce sales decline present potential headwinds. While the company is confident in meeting its 2025 guidance, the impact of tariffs remains a significant uncertainty.

Company Guidance -

Q3 2025

During the adidas AG Q1 2025 Conference Call, the company reported strong financial performance, exceeding expectations with net sales growing 13% currency-neutral and 17% for the adidas brand excluding YEEZY. Gross profit rose over 52%, reflecting a 100 basis point improvement, and the operating profit reached €610 million, representing an almost 400 basis point improvement, nearing their 10% EBIT target. Regionally, North America sales grew 13% for the adidas brand, Europe by 16%, Greater China by 14%, Japan and Korea achieved growth despite challenges, and Latin America and emerging markets saw robust double-digit growth at 27% and 25% respectively. Footwear led category growth at 17%, with apparel nearly reaching double-digit growth, and accessories up 10%. The company remains focused on localizing strategy and maintaining momentum amid challenges such as U.S. tariffs, with expectations of continued double-digit growth excluding YEEZY and a confirmed EBIT guidance of €1.7 billion to €1.8 billion.

Strong Revenue Growth

Adidas reported a 13% increase in currency-neutral net sales, and 17% when excluding YEEZY. Gross profit improved more than 52%, and EBIT reached €610 million, reflecting a 400 basis point improvement.

Geographical Sales Growth

All markets reported growth: North America up 13%, Europe 16%, Greater China 14%, and LatAm 27%. Adidas brand sales up 17% excluding YEEZY.

Inventory Management

Inventory up 15% to €5.1 billion, with a significant portion of fresh products, reflecting better planning and demand management.

Operating Leverage

Operating overheads grew only 3% despite a 30% currency-neutral growth, reflecting better operational efficiency.

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

Daily Earnings Calendar >

ADDYY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.51 / -	1.317	―	―	―
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)
Mar 13, 2024	2023 (Q4)	-0.99 / -1.29	-1.48	12.77% (+0.19)
Nov 08, 2023	2023 (Q3)	0.48 / 0.75	0.17	340.59% (+0.58)
Aug 03, 2023	2023 (Q2)	-0.13 / 0.26	0.96	-72.71% (-0.70)

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
Jul 30, 2025	$113.90	$100.39	-11.86%
Apr 29, 2025	$122.92	$119.01	-3.18%
Mar 05, 2025	$124.34	$127.30	+2.38%
Oct 29, 2024	$114.93	$119.12	+3.65%

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.