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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.

The Financial Times · 12h

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.

Cyprus Mail on MSN · 5h

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,

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 ...

Puma's Elevate 2 molds performance and comfort

Puma Golf's Kristin Hinze and Shawn Koutahi run through the latest wardrobe adds for those seeking a "high fashion" look on the golf course and the performance of the Elevate 2 shoe at the PGA Show.

11hon 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.