{
  "id": 17573138,
  "title": "Earnings call transcript: adidas tops Q3 2026 estimates and lifts profit outlook",
  "url": "https://urgent.news/2026/11/01/earnings-call-transcript-adidas-tops-q3-2026-estimates-and-lifts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T09:31:12.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-adidas-tops-q3-2026-estimates-and-lifts-profit-outlook-93CH-4989477"
  },
  "original_language": "en",
  "account": "Adidas reported stronger-than-expected third-quarter results for 2026, surpassing earnings per share forecasts and revenue expectations. The company's earnings per share stood at $4.06, outpacing the forecast of $2.98, and revenue reached $7.25 billion, exceeding the predicted $7.11 billion by $140 million. Adidas also lifted its full-year operating profit outlook to 2.5 billion euros, with the stock surging 6.64% in premarket trading to $168.55 following the announcement.\n\nInvestors displayed a keen interest in the profit beat, record quarterly operating income, and evidence of steady demand across performance sports, apparel, and China. Despite pressure faced by lifestyle footwear in certain markets, adidas delivered record quarterly operating profit and beat estimates on both earnings and revenue. Gross margin saw a significant improvement, thanks to 200 million euros in tariff refunds. Running, performance footwear, and apparel were identified as major growth drivers during the quarter.\n\nThe full-year EBIT guidance was raised to 2.5 billion euros, reflecting the company's strong performance. Revenue for the first nine months of 2026 increased to 20.6 billion euros, representing 11% currency-neutral growth. Operating profit surged by 37% year-over-year to 1.08 billion euros, a quarterly record, while net income climbed 48% to 711 million euros.\n\nAdidas CEO Bjørn Gulden stated that the company is gaining market share in all segments and leading in several of them, particularly in performance categories like running and football. He emphasized that apparel is becoming a larger growth engine for the business. The results validated Adidas' belief that its more localized, market-specific operating model is outperforming a one-size-fits-all global approach.\n\nRevenue for the year to date stood at 20.6 billion euros, up 10% reported and 11% currency-neutral. Earnings per share increased by 58% year-over-year to $4.06, and operating profit rose by 37% year-over-year to 1.08 billion euros. Net income climbed by 48% to 711 million euros, with a gross margin of 54.3%, boosted by 200 million euros in tariff refunds. The year-to-date gross margin reached 52.7%, and the operating working capital ratio improved to 23.9%.\n\nCash on hand increased to 1.7 billion euros, up 600 million euros year-over-year, and return on equity stood at 27%, indicating strong profitability relative to shareholder capital. Market capitalization was valued at $32.7 billion. The stock price began trading above its 52-week low of $129.95 and was trading below its high of $188.80 at the time of the report.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}