Adidas is slashing its dividend as the company deals with fallout from ending its partnership with Kanye West.
Analysts estimate Yeezy accounted for as much as 7% of total sales in its best years.
The company will recommend a dividend of 0.70 euros per share, down from 3.30 euros a share in 2021, at a May 11 annual general meeting.Adidas said it is still deciding what to do with its stock of unsold Yeezy footwear.
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