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Adidas AG held off from boosting its financial guidance for the year on concern over US tariffs, which will raise prices in the world’s biggest sports market and could upend the German brand’s momentum.

Ordinarily, Adidas would have lifted its outlook for the year after generating better-than-expected first-quarter profits, it said Tuesday. But uncertainty around US President Donald Trump’s tariffs “put a stop to this,” Adidas said.

Higher tariffs will eventually cause price increases in the US, “but it is currently impossible to quantify these or to conclude what impact this could have on the consumer demand for our products,” Chief Executive Bjoern Gulden said in a statement.

Adidas shares were little changed in early German trading, and are down 8.2% this year, a better performance than rivals Nike Inc. and Puma SE.