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Nike Frankfurt shares rise 9% after results. Lifts Adidas, Puma

companies :: 2025-06-27 :: source - reuters

By Reuters

Shoppers walk past a Nike store in the King of Prussia Mall, Pennsylvania U.S. Reuters

(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

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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%.

(Reporting by Alun John)


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