Jefferies analysts have expressed disappointment over Adidas' latest performance outlook. The German sportswear giant has projected its operating profit for 2025 to range between $1.7 billion and €1.8 billion. This falls short of the €2.13 billion average expectation derived from a Visible Alpha survey, which had already been revised upwards from an earlier €2.1 billion following initial results released in January.
Additionally, the company anticipates a high single-digit percentage growth in currency-neutral sales. Analysts noted that current tariff-related uncertainties are adding more risks to the consumer landscape. Despite this, they believe the market's initial reaction to the performance outlook is unlikely to be enthusiastic.
Following the announcement, Adidas' stock (ADDYY, Financial) fell by 2.4%, reaching €231.90.
