Overview
- It posted €546 million in operating profit for the second quarter, beating analyst forecasts despite a slight revenue miss.
- New U.S. tariffs on imports from Vietnam and Indonesia are expected to add around €200 million to second-half costs.
- Adidas shares plunged more than 8% after the firm warned of the tariff impact and potential hits to consumer demand.
- The company front-loaded shipments ahead of the levies, raising inventories by 16% to €5.26 billion at the end of June.
- Adidas maintains its full-year operating profit forecast of €1.7–1.8 billion while exploring targeted price hikes in the U.S. to counter trade-driven inflation.