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Adidas shares drop after sales miss expectations, flags $231 mln tariff cost
Adidas shares fell 7.5% in early trade on Wednesday after the sportswear brand's second-quarter sales missed expectations and it warned that higher U.S. tariffs would add around 200 million euros ($231 million) to its costs in the second half.
The German sportswear giant said it suffered a double-digit million euro hit from tariffs in the second quarter.
Apparel sales grew 17 percent in Q2, as the strong product offering in Originals, Training, Running, Golf, and Specialist ...
Adidas delivered impressive second-quarter results with operating profit surging 58% to €546 million, significantly exceeding ...
German sportswear giant Adidas warned Wednesday that it might raise prices in the United States due to tariffs that could ...
Shares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million-dollar hit from U.S. tariffs ...
The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 ...
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