ADIDAS SLUMPS 7% AS SPORTSWEAR GIANT WARNS TARIFFS TO DRIVE UP U.S. PRICES
✍️ Adidas shares fell 6.8% after the company warned of a €200 million hit from US tariffs in the second quarter, citing uncertainty around consumer demand and macroeconomic risks.
👉 Adidas shares fell 6.8% after warning of a €200 million hit from US tariffs
👉 Company expects full-year currency-neutral sales to increase at the high-single digit rate
👉 Operating profit rose 58% annually in the second quarter
👉 US tariffs will push up the cost of Adidas' US goods
👉 Company cited uncertainty around consumer demand and macroeconomic risks
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