Adidas Raises Annual Profit Guidance After Tariff Refunds, Record Quarter
Adidas raised its profit guidance for the year after receiving about $220 million from U.S. tariff refunds and delivering a record quarterly performance.
Adidas raised its profit guidance for the year after receiving about $220 million in U.S. tariff refunds and posting a record quarterly performance. The German sportswear company said Tuesday it received around 200 million euros, or $224.3 million, in U.S. tariff refunds.