Adidas freezes 2025 profit guidance amid Trump tariff-induced inflation risk; stock down 12% YTD
German sportswear maker Adidas held back on Tuesday from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty around U.S. import tariffs was making it difficult to make predictions and plan. CEO Bjorn Gulden said that “in a normal world” the company would have hiked its revenue and profit guidance after last…