Adidas Stock Sinks 5% on Tariff Woes – Samba Sneaker Craze Could Be the Silver Lining
Adidas Q3 sales hit a record €6.63 billion, up 3% year-on-year, but North American sales dropped 5% due to currency effects. CEO Björn Gulden said US tariffs will cut 2025 profit by about €120 million. The share price fell 5% after results, trading near €175, about 28% below its 52-week high. Analysts’ consensus price target is €243, with most rating the stock a “buy.”