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flag Adidas forecasts €2.3B operating profit in 2026, despite U.S. tariffs and currency losses.

flag Adidas projects 2026 operating profit of about €2.3 billion and high-single-digit currency-neutral sales growth, despite €400 million in U.S. tariff impacts and unfavorable currency shifts. flag The company forecasts continued sales growth through 2028, aiming for an operating margin over 10% by 2028, with strong performance expected in North America and Greater China. flag It plans €1 billion in share buybacks for 2026, with additional buybacks possible in 2027 and 2028, and increased its dividend by 40%. flag Adidas reported a more than doubling of fourth-quarter 2025 operating profit to €164 million, driven by direct-to-consumer growth and e-commerce gains.

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