Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices

Shares of Adidas

fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its U.S. goods.

The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 million) in the second half of this year.

Shares were down 9.1% by 8:40 a.m. London time (3:40 a.m. ET).

The company also flagged potential risks to consumer demand should U.S. tariffs set off a surge in inflation.

Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices

Other newsrooms on this story

Related reading

Adidas to raise prices as US tariffs cost €200m

Sportswear giant Adidas drops 8% after profit guidance disappoints

Trump tariffs: Nike says US trade policies could cost it $1bn

Uniqlo, Adidas weigh US price hikes as tariffs hit Asian garment exports

Nike says US tariffs will add US$1 billion to costs, plans to reduce China…

Puma shares plunge 18% after full-year sales, profit outlook cut on U.S. tariffs