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Adidas - Update 08/26/2026 - ISIN DE000A1EWWW0

Adidas Stock Score 3 – Why Record Revenue Sank the Stock

"Adidas reports the highest quarterly revenue in its history and raises guidance – and suffers one of its worst trading days since its initial public offering.

How does that fit together? • Score 3 in our Warren Wise Report means watchlist: solid, with reservations • The trigger: negative operating leverage – revenue jumps, operating profit can’t keep up • Inventories growing four times faster than sales, tying up cash on the shelf • The recovery is real: a sharply rising margin, all six regions profitable – North America even holds up…

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