Overview
- Adidas posted a second-quarter operating profit of €546 million on €6 billion in revenue, exceeding analyst forecasts.
- New U.S. tariffs of 20% on Vietnamese goods and 19% on Indonesian imports are set to add roughly €200 million to second-half costs.
- The company front-loaded shipments ahead of the duties, driving inventories up 16% to €5.26 billion by the end of June.
- Management preserved its full-year operating profit guidance at €1.7 billion to €1.8 billion despite escalating import levies.
- CEO Bjørn Gulden warned that tariff-driven inflation could damp consumer demand and indicated potential price increases in the U.S.