Mar 4 • 11:57 UTC 🇪🇸 Spain El País

Adidas expects a profit of 2.3 billion euros this year and promises higher dividends

Adidas anticipates a profit of 2.3 billion euros this year, planning to return more value to shareholders through increased dividends.

Adidas, the German sportswear giant, is projecting significant profits of around 2.3 billion euros (approximately 2.7 billion dollars) for this fiscal year, as it aims to maintain its market momentum with a focus on retro sneakers and innovative products designed for running and football. Despite facing challenges like unfavorable currency fluctuations and increased tariffs in the United States impacting its earnings, Adidas remains optimistic about its long-term market share growth through 2028.

The company also expressed its commitment to shareholder profitability, announcing plans to increase dividends and share buybacks to enhance returns for investors. This commitment reflects not only Adidas's strong market position but also its strategic focus on bolstering investor confidence as it navigates a turbulent economic landscape. The projected profit, however, falls short of the average analyst estimate of 2.69 billion euros, highlighting potential market challenges ahead.

As Adidas emphasizes a strategic shift towards retro styles and essential athletic gear, it signals an adaptation to current consumer trends and preferences, which increasingly favor nostalgic yet functional designs. This strategy could have wider implications for the sportswear market, potentially encouraging competitors to innovate similarly. The overall emphasis on profitability alongside product development indicates Adidas's intent to strengthen its market position amid evolving consumer interests and economic constraints.

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