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Puma shares plunge
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 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”.
European markets tick higher; Puma shares slide 19% after sales miss
European stocks were trading slightly higher on Thursday, on the back of positive momentum throughout the week.
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.
Puma launches cost-cutting drive
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.
Puma “not satisfied” with profits and planning cost efficiency initiative
The nextlevel programme is aimed at cost reduction and operational enhancements to boost profitability growth.
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 cuts, as they eye
1h
on MSN
European stocks rise on Trump's Davos speech; Puma slumps
By Nikhil Sharma and Pranav Kashyap (Reuters) -European shares closed higher on Thursday, buoyed by President Donald Trump's ...
3h
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.
13h
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 ...
10h
on 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 ...
9h
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 ...
12h
Barclays Remains a Hold on PUMA SE NPV (PMMAF)
Barclays analyst Wendy Liu, CFA maintained a Hold rating on PUMA SE NPV (PMMAF – Research Report) today and set a price target of €45.00. The ...
1d
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 ...
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