Puma shares plunge 23% as weak profit shakes confidence
Puma lost more than a fifth of its market value on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop in annual profit, raising questions about its ability to compete with bigger rivals Adidas and Nike.
Puma Plunges After Profit Warning Highlights Adidas’s Lead
Puma SE shares plunged after the German sportswear company reported disappointing earnings and pushed back profitability targets in a painful contrast to cross-town rival Adidas AG. Puma announced belt-tightening efforts on Wednesday and downgraded its profit margin guidance.
Puma shares plunge 18% after quarterly sales and profit miss
Puma shares fell 18 per cent after reporting lower-than-expected Q4 sales and a dip in annual profit, raising concerns about its competitiveness with Adidas and Nike. The disappointment follows Adidas' strong performance.
Puma shares plunge after missing profit target
While this increased revenue, it weighed on Puma’s profit margin. The company is aiming to boost its margin through cost cutting, which it said would include reallocating staff to “strategic growth areas” such as marketing, while keeping the total headcount “stable”.
Puma Misses Income Target Despite Sales Growth
The German sporting-goods company blamed higher interest expenses.
Puma shares fall 16 per cent after quarterly sales and profit miss
Puma (PUMG.DE) shares fell by 16 per cent as the market opened on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit.The weak results late on Wednesday came after rival Adidas reported strong sales and profitability,
Puma heightens focus on profitability growth after 2024 profit miss
German sporting-goods brand Puma has launched 'NextLevel' cost efficiency programme, after its 2024 net income fell short of the previous year's figure and expectations.
LaMelo Ball & Puma team up to create iconic TMNT sneakers (PHOTOS)
Charlotte Hornets star LaMelo Ball and his sneaker sponsor, Puma, are set to release the greatest sneakers of all time.
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PUMA LaFrance “Valentine’s Day” sneakers: Reported release date, design details, and everything we know so far
PUMA is reportedly prepared to release LaFrance “Valentine’s Day” sneakers, the latest Valentine’s Day-themed footwear from ...
Puma: Taking A Breather After The Rally
The other big fashion trend Puma is looking to ride is a shift toward “low-profile” categories via Speedcat. Much like in the ...
ICYMI: Rihanna And PUMA Reveal Avanti LS Launch Date, FRAME Launches Spring 2025 Collection, And More
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Amazon Sportsmania! Min 40% off on running shoes, hiking shoes, walking shoes and more
Amazon Sportsmania brings at least 40% off on top brands like Nike, Puma, Adidas, Skechers, and more. Shop running, hiking, ...