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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 · 3h

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”.

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.

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.

Bloomberg L.P. · 17h

Puma Starts Cost-Cutting Program After Disappointing Earnings

Puma SE is launching a cost-efficiency program after the German sportswear company’s fourth-quarter earnings missed analyst estimates.

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 ...

50m

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 ...

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 ...

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 ...

18h

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 ...

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 ...

RTE Online5h

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, ...

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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