The company reiterated its expectations for the year, but warned that Trump’s tariffs could weigh on performance, prompting possible price increases in the U.S. to mitigate the hit.

The chief of the German sportswear giant said unpredictability surrounding the tariffs prevented the company from issuing a full-year forecast, but he predicted a price increase for American consumers.

German sportswear maker Adidas confirmed its 2025 guidance on Tuesday, but said it expected the planned higher tariffs on imports into the United States to eventually raise the costs of all its products for the market.