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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 · 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 Financial Times · 1d

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.

1don 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 ...

19h

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 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 ...

sgbonline10h

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 ...

Business Times22h

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 ...

bernama3h

Adidas To Restructure Its HQ, Does Not Rule Out Job Cuts

NUREMBERG (Germany), Jan 24 (Bernama-dpa) -- German sportswear giant Adidas plans to adjust structures at its company ...

1don 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 ...

6hon MSN

Puma shares plunge 23% after Q4 profit misses Street estimates, stock hits lowest level in two decades

Puma shares ended the day down 22.8% at 32.3 euros, their worst day ever and hitting their lowest level since February 2018. Catch all the Business News , Market News , Breaking News Events and Latest ...

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 ...

10don 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 ...

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