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Adidas warns of tariff uncertainty despite record Q1 2025 growth

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Adidas is expecting its 2025 operating profit to reach €1.7–1.8 billion (~$1.82–1.93 billion), driven by strong brand momentum, localised strategies, and improved efficiencies.
In Q1 2025, revenue rose 13 per cent YoY to €6.15 billion (~$6.58 billion), led by robust growth across regions, product categories, and channels.
Operating profit surged 82 per cent to €610 million (~$652.7 million).Adidas is expecting its 2025 operating profit to reach €1.7–1.8 billion (~$1.82–1.93 billion), driven by strong brand momentum, localised strategies, and improved efficiencies.
In Q1 2025, revenue rose 13 per cent YoY to €6.15 billion (~$6.58 billion), led by robust growth across regions, product categories, and channels.
Operating profit surged 82 per cent to €610 million (~$652.7 million).