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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,

The Wall Street Journal on MSN · 1d

Puma Launches Cost-Saving Program After 2024 Profit Falls Short of Expectations

The German sporting-goods company blamed higher interest expenses.

The Financial Times · 19h

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”.

Reuters · 11h

Puma shares plunge 23% as weak profit shakes confidence

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 launches cost-cutting drive

The Wall Street Journal on MSN · 18h

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.

Reuters · 1d

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.

Daily Sabah · 15h

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 cuts, as they eye

18hon 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 ...

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 ...

Santa Rosa Press Democrat3h

Wrestling: 25th annual Puma Classic at Maria Carrillo set to feature one of largest fields ever

The 25th annual Puma Classic wrestling tournament at Maria Carrillo is set for one its largest fields yet, featuring more ...

11h

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, as they aim to bolster profits.

9hon MSN

European stocks rise on Trump's Davos speech; Puma slumps

By Nikhil Sharma and Pranav Kashyap (Reuters) -European shares closed higher on Thursday, buoyed by President Donald Trump's ...

17h

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 ...

EQS-News: PUMA accelerates growth throughout 2024 and initiates program to increase profitability

Herzogenaurach, Germany, 22 January 2025 – Sports company PUMA announced today preliminary 2024 results, reporting a currency adjusted (ca) sales growth of 9.8% to € 2,289 million (+15.5% reported) in ...

Wednesday afternoon forecast update with Meteorologist Joe Puma

Rep. Mike Collins (R-Ga.) heavily criticized statements made by the Right Rev. Mariann Budde on Tuesday at the inaugural ...

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