Adidas Q1 Profit Beats Forecasts Despite Tariff Headwinds
Adidas reported a stronger-than-expected operating profit of €705 million for the first quarter, a 16% increase year-over-year, surpassing analyst forecasts. The sportswear giant's performance was buoyed by sustained demand for sneakers and apparel, even as the company faced headwinds from tariffs and a stronger euro. The results underscore the resilience of the brand amid global economic uncertainties.
Key facts
- Operating profit rose 16% to €705 million in Q1
- Results topped analyst forecasts
- Tariffs and stronger euro weighed on results
- Sneaker and apparel demand held up
Entities
Institutions
- Adidas
Sources
- Quartz —