adidas AG Reports Q2 GAAP EPS Miss, Revenue Beat
In its second-quarter financial report, adidas AG reported a GAAP earnings per share (EPS) of €2.10, which fell short of expectations by €0.29. However, the company exceeded revenue forecasts with total sales reaching €6.74 billion, representing a year-over-year increase of 13.3%. The strong performance was driven primarily by double-digit growth in apparel revenues, which rose 35% on a currency-neutral basis. The mixed results highlight both challenges and opportunities for the company as it continues to enhance brand desirability across its product lines. While earnings disappointed investors, revenue outperformance suggests robust demand for its products globally.
