German sportswear stocks edge lower after Lululemon slashes guidance

ReutersJun 6, 2025 6:36 AM

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Shares in German sportswear brands Adidas ADSGn.DE and Puma PUMG.DE edge down in early Frankfurt trade, with a trader pointing to pressure from peer Lululemon's LULU.O guidance cut

The trader calls it a "sentiment story" after Lululemon's shares tanked 22% post-market following the cut which executives blamed on higher tariff-related costs and more markdowns

Adidas is down 1.6%, at the bottom of Germany's blue-chip index .GDAXI, while Puma is 0.6% lower in early Frankfurt trade

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