FRANKFURT, Germany (AP) Adidas saw operating earnings dwindle in the first three months of the year as the German sportswear companys breakup with the rapper formerly known as Kanye West and his popular Yeezy shoe brand cost it 400 million euros ($441 million) in lost sales.

The company is stuck with 1.2 billion euros ($1.3 billion) worth of unsold Yeezy shoes after cutting ties in October with the rapper now known as Ye over his antisemitic and other offensive comments on social media and in interviews.

Adidas was getting closer and closer to making a decision on what do to with the sneakers stacked up in warehouses and options are narrowing, new CEO Bjorn Gulden said Friday in a conference call. But with so many interested parties involved in the discussions, no decision had yet been reached, he said.

Gulden declined to say if destroying the shoes had been ruled out, but the company was trying to avoid that. He has previously said that other options have drawbacks: from paying royalties to Ye to sell the sneakers, peddling dishonesty if the shoes are restitched, and expected resales if theyre given away to people in need because of their high market value.

Losing the Yeezy brand is of course hurting us, Gulden said in a statement.