Herzogenaurach, Germany, March 4, 2026 (AFP) - Adidas shares slump on downbeat profit outlook

NAMPA / AFP

2026-03-04

Adidas shares slumped Wednesday after the German sportswear giant gave a disappointing 2026 profit forecast and warned of a 400-million-euro ($465-million) hit from US tariffs and exchange rate effects. The maker of Gazelle and Samba trainers said it expects operating profit to rise to 2.3 billion euros for 2026, as it unveiled its annual results. The group's shares fell about eight percent on the Frankfurt Stock Exchange after the announcement,......

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