Analysts at Stifel said the call was “reassuring” following recent warnings from peers like Nike (NYSE:NKE) and JD (NASDAQ:JD) Sports, adding that “the likelihood of a warning looks lower” for Adidas (OTC:ADDYY). On Wednesday, Puma fell around 6% after announcing worse-than-expected guidance for 2024.
Adidas declined to comment on the share price move. It will report full-year results on March 13.
By 1141 GMT, the shares were up 4.8%, leading gainers on Frankfurt’s DAX equity benchmark index.
Source: Economy - investing.com
