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”.
Manchester City and PUMA are delighted to announce the launch of a global fan vote to decide the club’s official 2026/27 ...
Puma shares slumped on Thursday as the German apparel maker’s preliminary fourth-quarter numbers disappointed analysts.
The 25th annual Puma Classic wrestling tournament at Maria Carrillo is set for one its largest fields yet, featuring more ...
Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year's ...
Puma shares ended the day down 22.8% at 32.3 euros, their worst day ever and hitting their lowest level since February 2018. Catch all the Business News , Market News , Breaking News Events and Latest ...
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.
German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job ...
Dua Lipa truly knows how to travel in style. On Jan. 23, the pop star flew into New York City dressed in a ...
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