BUZZ-Sportswear makers rise on positive Adidas Q4 results

Sportswear makers' shares rise after Adidas ADSGn.DE posts positive Q4 results

Adidas posts Q4 revenue increase of 24% from a year ago to 6 million euros ($6.25 million) and gross margin increase of 5.2 percentage points to 49.8%

"We clearly see that consumers’ and retailers’ interest in our products is growing across both Lifestyle and Performance" - Adidas CEO Bjorn Gulden

Shares of Nike NKE.N up 2.60%, On Holdings ONON.N up 3.5%, Under Armour UAA.N up 4%, Deckers DECK.N up 1.12% and VF Corp VFC.N up 4.75%

In 2024, Adidas, VF Corp and On Holdings rose 28.6%, 14.15% and 103% respectively, while Nike and Under Armour fell 30.3% and 5.8% respectively

($1 = 0.9593 euros)

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))