(FILES) The logo of the German sports equipment maker Adidas is pictured on a shoe prior to the company's annual press conference in Herzogenaurach, southern Germany on March 8, 2023. Shares in Adidas jumped sharply on January 30, 2026 after the German sportswear giant posted record 2025 sales and announced a one-billion-euro ($1.2 billion) share buyback, defying the turmoil unleashed by US tariffs. (Photo by Christof STACHE / AFP via Getty Images)