Adidas said Thursday that it is at risk of losing as much as 1 billion Euros — equivalent to $1.07 billion — in operating profits if it fails to successfully offload its inventory of Kanye West-designed Yeezy merchandise. In its financial guidance for 2023, the Germany-based sneaker giant warned that the initial "adverse impact" from not selling the items would be €1.2 billion in revenues, or approximately $1.3 billion; and around €500 million, or $533 million, in operating profit. Adidas dropped West, who now goes by Ye, in October over the rapper's racist and antisemitic remarks. Adidas had previously derived...