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Puma shares plunge 23% as weak profit shakes confidence

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.

YAHOO!Finance · 21h

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?

The Wall Street Journal on MSN · 1d

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

The German sporting-goods company blamed higher interest expenses.

Hosted on MSN · 22h

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.

The Financial Times · 1d

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”.

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 ...

Daily Sabah23h

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 ...

Santa Rosa Press Democrat3h

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 ...

17hon 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 ...

12h

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 ...

15h

Puma price target lowered to EUR 42 from EUR 47 at JPMorgan

JPMorgan analyst Olivia Townsend lowered the firm’s price target on Puma (PUMSY) to EUR 42 from EUR 47 and keeps a Neutral rating on the ...

19h

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.

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.

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