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Puma shares plunge

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,

The Financial Times · 2h

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”.

Business Insider · 13h

PUMA Reports Preliminary Q4 Profit Up

Sports company PUMA on Wednesday announced preliminary 2024 results, reporting a currency adjusted sales growth of 9.8% to €2,289

Reuters · 4h

Puma shares drop 15% after fourth-quarter sales and profit miss

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.

in.investing.com on MSN · 1h

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 launches cost-cutting drive

Reuters · 17h

Puma launches cost-cutting drive after 2024 net profit disappoints

Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year's level, missing its expectations.

sgbonline · 15h

EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program

When compared to the first nine months 2024, a stronger growth trajectory was achieved across EMEA (+14.3 percent ca), Europe (+10.3 percent ca), Greater China (+7.4 percent ca), Other APAC (+19.0 percent ca) and North America (+2.6 percent ca), while LATAM’s sales growth was softer with +7.0 percent growth on a currency-adjusted basis.

The Wall Street Journal on MSN · 16h

Puma Launches Cost-Saving Program After 2024 Profit Falls Short of Expectations

The German sporting-goods company said net income last year fell to €282 million from €305 million in 2023, citing higher net interest expenses and the effect of higher non-controlling interests.

2hon MSN

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 ...

Puma and Adidas Share Price Performance Gap Gets Even Wider

The gulf in performance between Adidas AG and Puma SE shares since Bjorn Gulden hopped between the German sportswear makers ...

38m

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 ...

17h

EQS-News: PUMA accelerates growth throughout 2024 and initiates program to increase profitability

Herzogenaurach, Germany, 22 January 2025 – Sports company PUMA announced today preliminary 2024 results, reporting a currency adjusted (ca) sales growth of 9.8% to € 2,289 million (+15.5% reported) in ...

DPA International on MSN14h

Puma plans efficiency programme as figures fail to meet expectations

German sporting apparel group Puma is planning to introduce an efficiency programme aiming to raise the company's profit margin, boss Arne Freundt said on Wednesday. Puma achieved a higher operating ...

RTE Online4h

Puma launches cost-cutting drive after 2024 profit disappoints

Sportswear brand Puma has announced a cost-cutting programme after reporting 2024 net profit below the prior year's level, ...

17h

Wednesday afternoon forecast update with Meteorologist Joe Puma

Rep. Mike Collins (R-Ga.) heavily criticized statements made by the Right Rev. Mariann Budde on Tuesday at the inaugural ...

This Red-Hot PUMA Sneaker Is Roaring Back

PUMA has masterfully achieved this with the label’s latest red-hot sneaker, the Speedcat. Inspired by the fast-paced world of ...

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