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 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 faces to take a bigger slice of the $400 billion global sportswear market
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.
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 shares fall 16 per cent after quarterly sales and profit miss
Puma (PUMG.DE) shares fell by 16 per cent 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,
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 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 ...
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 ...