Adidas shares jumped as much as 5% on Wednesday, hitting their highest in over two years, after the German sportswear company hiked its full-year guidance for the second time this year, having beaten expectations with its second-quarter results on Tuesday.
“We see the strength in 2Q24 still led by terrace Originals franchises – Samba and Gazelle – which we increasingly see on US consumers,” analysts at Telsey Advisory Group wrote in a note to clients.
Shares were up to 239 euros at 07:17 GMT, set for their largest-one day rise in three months.
Rival Puma rose 2.5%. – Reuters