Adidas reports first-quarter operating profit above expectations
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Adidas sneakers and other shoes for sale are pictured at a shop in Berlin, Germany, May 2, 2024. REUTERS/Lisi Niesner
April 29 (Reuters) - Germany's Adidas on Wednesday reported better-than-expected operating profit in the first quarter, as demand for its sportswear helped it keep prices stable despite weaker consumer sentiment.
Operating profit in the first three months of 2026 rose by 16% to 705 million euros ($825 million), above the 647 million euros projected by analysts in a company-compiled poll.
Adidas reported 610 million in operating profit in the same period a year earlier.
($1 = 0.8544 euros)
(Reporting by Linda Pasquini in Gdansk and Alexander Huebner in Munich and by Helen Reid in London; Editing by Ludwig Burger)
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