Adidas will break ground on a new footwear manufacturing facility in Karur, Tamil Nadu, on July 10, 2026. The Chief Minister of Tamil Nadu will attend the ceremony. This expansion aims to bolster production capabilities in a key market.
Ten covering analysts maintain an average rating of Moderate Buy for the company. Recent quarterly earnings per share and revenue both exceeded consensus estimates.
Adidas promoted long-time executive Claus-Peter Mayer to General Manager for Central Europe. The company signed seven high school football recruits to Name, Image, and Likeness deals for the 2026 adizero 7 Class. Merchandise from the new University of Tennessee partnership launched at retail today.