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Adidas forecasts €2.3B operating profit in 2026, despite U.S. tariffs and currency losses.
Adidas forecasts 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 exchange rates.
The company expects continued growth through 2028, with operating profit rising at a mid-teens compound annual rate and margins exceeding 10% by 2028.
It plans €1 billion in share buybacks for 2026, with additional buybacks possible in 2027 and 2028, and raised its dividend by 40%.
Strong performance in e-commerce and company-owned retail drove a 21% e-commerce increase and 17% retail growth in Q4 2025, contributing to a more than doubling of operating profit to €164 million.
Adidas pronostica un beneficio operativo de 2.3 mil millones de euros en 2026, a pesar de los aranceles y las pérdidas de divisas en los Estados Unidos.