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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,
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 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
Puma shares drop 15% after fourth-quarter sales and profit miss
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.
Puma shares slide 16% after sales miss; European markets open flat
European stocks opened with a mixed picture on Thursday, after positive momentum was seen throughout the week. The pan-European Stoxx 600 was flat at 8:34 a.m. London time, the FTSE 100 was 0.05% in the green,
Puma Announces Cost-Cutting
Puma Shares Slump After 4Q Miss, Cost-Cutting Plan
Shares fell after the sporting-goods company posted net income below market expectations and said it was launching a new cost-saving program driven by higher expenses and sluggish sales growth.
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.
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
When compared to the first nine months 2024, a stronger growth trajectory was achieved across EMEA (+14.3 percent ca), Europe (+10.3 percent ca), Greater China (+7.4 percent ca), Other APAC (+19.0 percent ca) and North America (+2.6 percent ca), while LATAM’s sales growth was softer with +7.0 percent growth on a currency-adjusted basis.
35m
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.
DPA International on MSN
12h
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 ...
3d
Why did PUMA rebrand itself as PVMA
In a bold move that underscores its commitment to sports innovation, PUMA India has rebranded its signage to “PVMA” in honour ...
Marketing Interactive
3d
Typo or tactic: PUMA ad plastered across OOH with PVMA
PUMA India has reportedly rebranded its signage to "PVMA" in its latest collaboration with two-time Olympic medalist and ...
RTE Online
2h
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, ...
9h
on MSN
LaMelo Ball & Puma team up to create iconic TMNT sneakers (PHOTOS)
Charlotte Hornets star LaMelo Ball and his sneaker sponsor, Puma, are set to release the greatest sneakers of all time.
1d
Tuesday afternoon forecast update with Meteorologist Joe Puma
Probably the only reasonable response to such a speech.
3d
The First Look at Salehe Bembury x PUMA
Its textured midsole takes a bright blue hue and is defined by its wavy patterning, while the upper is dominated by a lime ...
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