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 23% after Q4 profit misses Street estimates, stock hits lowest level in two decades
Puma lost more than a fifth of its market value on Thursday after the weak quarterly results highlighted the work Puma still faces to take a bigger slice of the $400 billion global sportswear market
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 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 shares plunge after missing profit target
Puma has launched a cost-cutting programme after missing its profit target for 2024, a day after rival Adidas exceeded expectations, highlighting the diverging fortunes of Germany’s two highest profile sportswear brands.
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 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 fourth-quarter sales and a drop in annual profit, raising questions about its ability to compete against bigger rivals Adidas and Nike.
LaMelo Ball Teams Up With Teenage Mutant Ninja Turtles For Latest PUMA Collection
Charlotte Hornets point guard LaMelo Ball is teaming up with the Teenage Mutant Ninja Turtles for limited-edition PUMA ...
Man City launch fan vote for 2026/27 third kit with PUMA AI Creator
Manchester City and PUMA are delighted to announce the launch of a global fan vote to decide the club’s official 2026/27 ...
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 ...
PUMA SE: Buy Rating Affirmed Amid Strong Direct-to-Consumer Performance and Positive Medium-Term Outlook
Analyst Alison Fok of DBS maintained a Buy rating on PUMA SE NPV (PMMAF – Research Report), with a price target of €59.00.Invest with ...
PUMA and City launch limited edition goalkeeper kit to be seen on-pitch this weekend
In a first for world football, Manchester City will showcase a bespoke goalkeeper kit designed by City stars using generative ...
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The Weekly Closeout: Puma eyes ‘efficiency program,’ Adidas could cut jobs
Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.
Santa Rosa Press Democrat17h
Wrestling: 25th annual Puma Classic at Maria Carrillo set to feature one of largest fields ever
The 25th annual Puma Classic wrestling tournament at Maria Carrillo is set for one its largest fields yet, featuring more ...
Puma Launches Cost-Saving Program After 2024 Profit Falls Short of Expectations
The German sporting-goods company blamed higher interest expenses.
Dua Lipa Catches a Flight in a Sleeping Bag Trench, Puma Sneakers, and Double Designer Bags—Including a Tricked-Out Birkin
Dua Lipa truly knows how to travel in style. On Jan. 23, the pop star flew into New York City dressed in a ...