Adidas stock drops 7% on softer 2026 profit outlook as CEO Gulden gets 2030 extension

Adidas AG shares fell as much as 7% on Wednesday after the group forecast 2026 operating profit of around 2.3 billion euros, below market expectations. Adidas blamed U.S. import tariffs and a weaker dollar, and said CEO Bjorn Gulden—brought in in 2023 after the company cut ties with rapper Ye—would stay on through 2030 as billionaire Nassef Sawiris was lined up to take the chair.

Stock Market · XETRA:ADS
Adidas Stock Sinks 5% on Tariff Woes – Samba Sneaker Craze Could Be the Silver Lining

Adidas Stock Sinks 5% on Tariff Woes – Samba Sneaker Craze Could Be the Silver Lining

Adidas’ third-quarter update showed the German sportswear maker is still growing globally despite trade headwinds. Group sales hit €6.63 billion – a new quarterly high – up 3% from a year agoreuters.com. But in North America sales fell 5% on the year, largely because the euro surged against the dollarreuters.com. In fact, Adidas said the strong euro shaved about €300 million off its sales. On a currency-neutral basis, NA revenues were roughly flat, versus +8% overallreuters.com.
29 October 2025
·
Web3 and DApp Platforms: June–July 2025 News Report

Web3 and DApp Platforms: June–July 2025 News Report

Following the May 2025 Pectra upgrade, Ethereum’s PoS chain showed robust health. Staking surged to new heights: over 35 million ETH was locked as of mid-June cointelegraph.com, driven in part by renewed confidence after the upgrade. Analysts noted ~500K ETH was staked in the first half of June alone cointelegraph.com. Liquid staking protocols lead – Lido holds ~25% of staked ETH, Binance ~7.5%, Coinbase ~7.4% cointelegraph.com. The network’s roadmap continues with Layer-2 scaling and new improvements, though no major on-chain governance events occurred in June–July. Markets remained bullish: CoinDesk reports DOT’s recent rise partly reflects broader optimism for Ethereum and Polkadot ecosystems coindesk.com.
9 July 2025
··
Follow on Google News
Add as preferred source Open in Google News