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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.

YAHOO!Finance · 2d

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 Financial Times · 2d

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.

2don 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 ...

16h

Adidas and Puma to Lay Off Employees Amid Global Challenges and Profitability Concerns

Adidas and Puma, two of Germany’s leading sportswear companies, are reportedly planning significant layoffs as they navigate ...

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 Sabah2d

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 Times2d

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 ...

sgbonline2d

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 ...

GlobalData on MSN2d

Puma heightens focus on profitability growth after 2024 profit miss

German sporting-goods brand Puma has launched 'NextLevel' cost efficiency programme, after its 2024 net income fell short of the previous year's figure and expectations.

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