Sportswear giant Adidas drops 8% after profit guidance disappoints
Government
Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. The German sportswear company sees 2026 revenue growth in the high single digits from 2025's total of 24.8 billion euros ($28.86 billion). Operating profit is expected to increase to around 2.3 billion euros, despite a 400 million euro negative impact from U.S. tariffs and unfavorable currency developments. The profitability
astăzi