Puma shares plunge

Puma shares plunge 23% as weak profit shakes confidence
Shares in Puma dropped 15% as the market opened on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit.
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. Most Read from BloombergWhat Happened to Hanging Out on the Street?
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 shares tumble 16% after quarterly sales and profit miss
(Reuters) -Puma shares fell by 16% 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 opens 16% lower after preliminary result show profit decline
Puma SE (ETR:PUMG) launched a cost-cutting programme as it issued a preliminary result with decline in operational profit.
Puma shares plunge 21% after sales and profit miss
By Helen Reid (Reuters) -Puma shares sank 21% on Thursday after the German sportswear brand reported lower than expected ...
Puma Shares Slump After 4Q Miss, Cost-Cutting Plan
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Adidas, Puma weigh job cuts as latter disappoints with profit fall
German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job ...
PUMA Sees Growth In Q4 Sales, Warns Of Cost Cut In 2025
Puma SE reported a 9.8% sales growth in Q4 FY24 and launched a new efficiency program aiming to enhance profitability through cost control measures and strategic investments.
Sportswear Giants Adidas And Puma Weighing Job Cuts
German sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits.
UBS Keeps Their Hold Rating on PUMA SE NPV (PMMAF)
UBS analyst Robert Krankowski maintained a Hold rating on PUMA SE NPV (PMMAF – Research Report) today and set a price target of €43.90. The ...
Puma stock slumps, a day after Adidas rally. New Speedcat range may be to blame.
Puma shares slumped on Thursday as the German apparel maker’s preliminary fourth-quarter numbers disappointed analysts. Puma ...