Adidas shares rose by 5% today with traders citing good news from a call with analysts ahead of the German sportswear maker's full-year results due in March.
Analysts at Stifel said the call was "reassuring" following recent warnings from peers like Nike and JD Sports, adding that "the likelihood of a warning looks lower" for Adidas.
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.
