Shares in Adidas (ADS) dropped 7.5% to €136 after the German sportswear giant’s FY26 guidance disappointed investors. While the company’s turnaround under CEO Bjorn Gulden is gaining traction, this year’s profit outlook implies an operating margin of 8.5% to 8.8%. That is lower than Adidas’ 10% medium-term target. Share price: €136 PE: 13.9x Market cap: … Continue reading Adidas’ profit outlook disappoints investors