FRANKFURT (dpa-AFX Broker) – The shares of adidas and Puma (PUMA SE) are likely to benefit on Friday from positive signals from the quarterly balance sheet of the US sporting goods manufacturer Lululemon (lululemon athletica). Pre-market, Adidas rose 0.9 percent to 165.75 euros on Tradegate compared to the Xetra close and Puma gained 1.4 percent to 21.38 euros.
Lululemon had presented surprisingly strong figures and raised its forecast for the full year, after which the shares jumped 11 percent in after-hours US trading. Goldman Sachs analyst Brooke Roach pointed out in her commentary that market expectations had been exceeded, primarily due to the US manufacturer of high-priced yoga clothing’s strong China business.
In the third quarter, this increased – assuming constant exchange rates – by 25 percent year-on-year, emphasized Roach. That should be encouraging and thus also provide impulses for Adidas and Puma, said a dealer./ck/zb
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