Adidas North America sales hit by weak dollar, CEO says tariff impact still unclear
Yahoo Financeยท2025-10-29 12:24
By Linda Pasquini and Helen Reid (Reuters) -Adidas' third-quarter sales dipped 5% in North America, hit by a weak dollar, while its CEO said on Wednesday that U.S. retailers remained cautious over the unclear impact of President Donald Trump's tariffs on American consumers. Adidas' shares were down 5% by 1215 GMT, despite its global revenues growing 3% to a quarterly record of 6.63 billion euros ($7.73 billion). The company said a strong euro dealt a 300 million euro hit to its sales. Adjusting for the ...