Adidas Reports Second Quarter Results
Adidas has announced its financial results for the second quarter, with the company reporting an operating profit that exceeded analyst expectations. However, revenue growth was lower than anticipated due to a strong euro.
Key Highlights
- Revenue growth of approximately 2% year-over-year
- Operating profit exceeded analyst expectations
- Revenue was impacted by a strong euro, resulting in lower-than-expected revenue
Factors Affecting Performance
- Higher US tariffs: Adidas has flagged potential cost increases due to higher US tariffs
- Macroeconomic risks: The company has cited increased uncertainty due to macroeconomic risks
- Currency fluctuations: A strong euro negatively impacted revenue growth
Full-Year Targets
Adidas has maintained its full-year targets, despite the challenges faced in the second quarter. The company remains confident in its ability to achieve its goals.
Market Share
Adidas is poised to continue gaining market share from Nike in 2025, driven by its strong brand and product offerings. The company’s focus on innovation and customer satisfaction is expected to contribute to its success in the market.