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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 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
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.
2d
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 ...
1d
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 ...
Daily Sabah
1d
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 ...
Business Times
1d
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 ...
sgbonline
1d
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning after a pre-announcement of 2024 fourth quarter and full ...
2d
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 ...
2d
on MSN
Puma races to cut costs after FY profit miss sends stock lower
Puma (PMMAF) launched a cost-cutting programme on Wednesday after the German sportswear-maker missed its full-year profit ...
1d
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 ...
11d
on MSN
ICYMI: Rihanna And PUMA Reveal Avanti LS Launch Date, FRAME Launches Spring 2025 Collection, And More
PUMA’s limited-edition Avanti LS sneaker designed by Rihanna has gotten a release date: January 16. The redesign from the ...
Hosted on MSN
2h
Adidas Planning To Layoff Up To 500 People At German Headquarters, Says Report
Adidas plans to layoff up to 500 jobs at its headquarters in Germany, media reports said. CEO Bjoern Gulden is intending to ...
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