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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,
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 Misses Income Target Despite Sales Growth
The German sporting-goods company blamed higher interest expenses.
7h
on MSN
LaMelo Ball & Puma team up to create iconic TMNT sneakers (PHOTOS)
Charlotte Hornets star LaMelo Ball and his sneaker sponsor, Puma, are set to release the greatest sneakers of all time.
2d
This Red-Hot PUMA Sneaker Is Roaring Back
PUMA has masterfully achieved this with the label’s latest red-hot sneaker, the Speedcat. Inspired by the fast-paced world of ...
Soap Central Lifestyle on MSN
12d
PUMA LaFrance “Valentine’s Day” sneakers: Reported release date, design details, and everything we know so far
PUMA is reportedly prepared to release LaFrance “Valentine’s Day” sneakers, the latest Valentine’s Day-themed footwear from ...
3d
The First Look at Salehe Bembury x PUMA
Its textured midsole takes a bright blue hue and is defined by its wavy patterning, while the upper is dominated by a lime ...
9d
on 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 ...
9d
Puma: Taking A Breather After The Rally
The other big fashion trend Puma is looking to ride is a shift toward “low-profile” categories via Speedcat. Much like in the ...
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