阿迪达斯首席财务官：库存状况非常好。 ...

Core Insights - Adidas shares declined by 8.3% following the announcement of a significant financial impact from U.S. tariffs, estimating a hit of 200 million euros ($231 million) in the second half of the year [1] - The company expressed concerns about potential risks to consumer demand due to inflation triggered by tariffs, while maintaining its full-year guidance amidst elevated uncertainty [2] - Despite challenges, Adidas reported a 2% year-on-year increase in second-quarter revenues, totaling 5.95 billion euros, although this fell short of analyst expectations [3] Financial Impact - The anticipated cost increase from tariffs could reach 200 million euros ($231 million) in the latter half of the year [1] - The company reported a negative currency impact of 300 million euros on revenues [3] - Operating profit for the second quarter rose by 58% year-on-year to 546 million euros, exceeding forecasts of 518 million euros [3] Sales Performance - Second-quarter sales growth was noted at 2% year-on-year, with the U.S. market experiencing the weakest growth [3] - Full-year currency-neutral sales are expected to increase at a high-single digit rate, with operating profit projected between 1.7 billion euros and 1.8 billion euros [2]

智通财经7月30日电，阿迪达斯股价下跌6.8%，原因是收入增长低于预期。 ...

Core Viewpoint - Adidas reported significant losses in Q2 due to the Trump administration's global tariff policies, warning of potential cost increases of up to €200 million (approximately $231 million) for its U.S. sales in the second half of the year [1] Financial Performance - Adidas' Q2 net sales grew by 2.2% year-on-year to €5.95 billion, slightly below Wall Street's average expectation of €6 billion, impacted by approximately €300 million in adverse currency effects [2] - The company's inventory increased by 16% to €5.26 billion as a result of early procurement of sports products before the tariffs took effect [1] Market Outlook - Adidas maintained its full-year guidance, expecting sales growth in the high single digits and operating profit between €1.7 billion and €1.8 billion, which is stronger than market expectations [1] - The company faces challenges from U.S. tariffs on exports from its major sourcing countries, Vietnam and Indonesia, which account for about 27% and 19% of its product scale, respectively [2] Competitive Landscape - Nike, a major competitor, reported a significant decline in net profit by 86% to $211 million, indicating the severe impact of tariffs on international sports brands [2] - Analysts from JPMorgan view the 2026 World Cup, co-hosted by the U.S., Canada, and Mexico, as a potential catalyst for sales growth for Nike and other sports brands, predicting a recovery in operating profit margins [3]

Core Insights - Adidas has announced that tariffs will increase costs by $231 million in the second half of the year [1] Group 1 - The company expects a significant impact on its financials due to increased tariffs [1]

Group 1 - The core point of the article highlights Adidas' strong financial performance in the second quarter, with operating profit reaching €546 million, a year-on-year increase of 58%, surpassing the forecast of €503.1 million [1] - Gross profit amounted to €3.08 billion, reflecting a year-on-year growth of 4%, although it fell short of the expected €3.19 billion [1] Group 2 - The gross margin for the quarter was reported at 51.7%, an increase from 50.8% in the same period last year, and above the forecast of 51.5% [2]

智通财经7月30日电，阿迪达斯 第二季度营收59.5亿欧元，预估62.1亿欧元。 ...

Core Viewpoint - The "Tomorrow's Stars Championship Cup" is a significant youth football event in Shanghai, showcasing international youth teams and supported by Adidas, aiming to enhance local football training and connect with global standards [1][3][7][14]. Group 1: Event Overview - The event features U16 teams from top international clubs, including Manchester City, Chelsea, and Benfica, promoting high-level competition in Shanghai [9]. - Adidas sponsors the event, providing equipment and apparel for teams, enhancing the overall experience for players and fans [3][14]. - The tournament has evolved from a nurturing event to a landmark competition, attracting nearly 20 elite youth training teams globally since its inception in 2022 [7]. Group 2: Local Impact and Development - The Shanghai team, coached by Cheng Yaodong, consists of players from various local clubs, aiming to strengthen their skills against top-tier international teams [5]. - The collaboration between Adidas and the championship is seen as a catalyst for youth football development in Shanghai, contributing to the city's ambition to become a globally recognized sports city [14][19]. - Adidas has been actively involved in local sports initiatives, including the establishment of sports parks and engaging with schools to promote football among youth [17]. Group 3: Cultural and Community Engagement - The event includes community activities, allowing fans to interact with players and enjoy shopping discounts, fostering a football culture in Shanghai [11]. - The partnership with Adidas is expected to inspire local youth and enhance the visibility of Shanghai's football scene, potentially leading to the emergence of future football stars [14][19].

Core Insights - Adidas collaborates with Chinese artist Dorophy Tang to launch a new collection that merges traditional Chinese culture with modern streetwear, featuring the "Three Leaf Clover Panda" as a central theme [1][3][4] - The collection includes five unique T-shirt designs inspired by various aspects of Chinese culture, including ethnic minority motifs and retro advertising styles, appealing to the younger generation [3][6] - The initiative aims to enhance the recognition of Chinese cultural elements in contemporary fashion, with plans for the collection to tour major cities like Beijing and Shanghai [1][10] Cultural Integration - The collaboration emphasizes the integration of traditional Chinese elements, such as panda imagery, into modern artistic expressions, fostering a deeper appreciation among young people for their cultural heritage [6][14] - The designs draw from various cultural inspirations, including traditional Chinese paper-cutting and New Year motifs, showcasing a blend of heritage and modernity [7][9] Market Strategy - Adidas views China as a crucial market for innovation and design, actively investing in local talent and creative initiatives to promote "Chinese creation" on a global scale [10][12] - The company has established platforms for emerging designers, such as the A.C.E. internship program, encouraging the fusion of sports, fashion, and local trends [12][14] Future Directions - The brand plans to continue exploring the intersection of traditional and contemporary cultures, aiming to create a cultural confidence among youth and share Chinese stories with the world [14]

Group 1 - Adidas Group's stock price decreased by 2.2% after the European market opened [1] - Deutsche Bank's stock price fell by 2.3% following the same market opening [1]