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Puma shares plunge

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.

Reuters on MSN · 5h

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.

The Financial Times · 13h

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 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 ...

12hon 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.

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.

Daily Sabah10h

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 ...

15h

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 ...

sgbonline8h

EXEC: Puma SE Shares Crater Overnight 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 ...

Rivals leave Puma on the back foot as sluggish sales send shares tumbling 22.8%

Just a day after Adidas reported solid results, Puma said fourth-quarter sales rose 9.8% - below the 12% forecast by analysts.

GlobalData on MSN9h

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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