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Nike Frankfurt shares rise 9% after results; lifts Adidas, Puma

Nike Frankfurt shares rise 9% after results; lifts Adidas, Puma

Yahoo27-06-2025
LONDON (Reuters) -Nike shares rose 9.2% in Frankfurt on Friday, a day after the company forecast a smaller-than-expected drop in first-quarter revenue, and said it would cut its reliance on production in China for the U.S. market to mitigate the impact from tariffs
The retailer's U.S. shares rose 11% in extended trading on Thursday.
Nike's results also boosted the performance of European sportswear brands on Friday such as Puma, up 4.5%, and Adidas, up 3%. London-listed sportswear retailer JD Sports rose 8%.
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