Adidas Shares Drop Amid U.S. Tariffs and Sales Miss
TL;DR
Adidas warns that US tariffs will cost the company €200m and plans to raise prices for American customers, amid ongoing trade tensions and tariffs affecting global supply chains, but still reports a 7.3% increase in sales in the first half of the year.
- Adidas to raise prices as US tariffs cost €200m BBC
- Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices CNBC
- Adidas Shares Tumble After Sales Miss, Guidance Confirmation The Wall Street Journal
- Adidas shares drop after sales miss expectations, flags $231 mln tariff cost Reuters
- Adidas records Q2 tariffs hit, flags cost increases Yahoo Finance
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