A major store in Adidas on Nanjing Road Street for pedestrians in Shanghai, China.
CFOTO | Future publishing Gety pictures
shares Adidas It fell on Wednesday after the German sportswear giant informed one million euros two million number of American customs tariffs in the second quarter and warned that the current incoming fees would raise the cost of its American goods.
The second largest sports retail traded in the world said that the additional costs associated with definitions may reach 200 million euros (231 million dollars) in the second half of this year.
The shares decreased by 6.58 % by 8:33 am London time (3:33 am East time).
The company also reported the potential risks to demand for the consumer if we definitions in inflation.
“We also do not know what is the indirect effect on the demand for the consumer if all these definitions cause great enlargement,” said CEO, Bjorn Golden.
However, the company maintained its instructions in the entire year, but it noted that this might change because it mentioned “the high uncertainty due to the American definitions and the dangers of macroeconomics.”
It is currently expecting to increase the sales of the neutral currency for the entire year at a high -numbers rate, and operating profits increase to between 1.7 billion euros and 1.8 billion euros.
This comes at a time when the athletic retailer published a rise in sales in the second quarter, as the United States witnessed a growth in the softest sales.
Revenue increased by 2 % on an annual basis in the three months to June 30 to 5.95 billion euros, and the company said that a negative impact on 300 million euros. LSEG analysts expect 6.23 billion euros.
Operating profits increased by 58 % annually in a quarter of 546 million euros, compared to 518 million euros.
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