Adidas lifts annual sales growth outlook despite decline in Q2 profit
Photo: New Straits Times
BERLIN: German athletic apparel giant Adidas reported a decline in net profit for the second quarter of fiscal 2026, hurt by loss from discontinued operations, but lifted its annual sales growth outlook, reported German news agency dpa.
From the original report
However, the company recorded a rise in net sales, helped by improved demand.
For the three-month period, the company reported a net income of €355 million (US$406 million), or €2.02 per share, less than €369 million, or €2.07 per share, in the same period last year. Loss from discontinued operations was €14 million, compared with a gain of €6 million a year ago.
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About this story
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- New Straits Times
- Originally published
- Jul 30, 2026
- Updated here
- Aug 15, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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