Adidas Raises Earnings Guidance After Receiving U.S. Tariff Refund
Adidas raised its earnings guidance for the year after booking a U.S. tariff refund. RBC Capital Markets analyst Piral Dadhania also cited strong brand momentum and execution.
Adidas is demonstrating strong brand momentum and good execution despite a mixed backdrop for retail, RBC Capital Markets' Piral Dadhania writes in a note to clients. The German sportswear company late Tuesday raised its earnings guidance for the year after booking a U.S. tariff refund and an under…