Adidas freezes 2025 profit guidance amid Trump tariff-induced inflation risk; stock down 12% YTD

German sportswear maker Adidas held back on Tuesday from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty around U.S. import tariffs was making it difficult to make predictions and plan. CEO Bjorn Gulden said that “in a normal world” the company would have hiked its revenue and profit guidance after last week’s quarterly results, but tariff uncertainty prevented it from doing so. Adidas share price is down 12 per cent year-to-date To mitigate the impact, Adidas front-loaded products to clear U.S. customs before tariffs that took effect on April 4 and April 9, and re-routed products…