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?
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”.
In a first for world football, Manchester City will showcase a bespoke goalkeeper kit designed by City stars using generative ...
Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year's ...
The 25th annual Puma Classic wrestling tournament at Maria Carrillo is set for one its largest fields yet, featuring more ...
Manchester City and PUMA are delighted to announce the launch of a global fan vote to decide the club’s official 2026/27 ...
In a bold move that underscores its commitment to sports innovation, PUMA India has rebranded its signage to “PVMA” in honour ...
In a first for world football, Manchester City will showcase a bespoke goalkeeper kit designed by City stars using generative ...
Dua Lipa truly knows how to travel in style. On Jan. 23, the pop star flew into New York City dressed in a ...
Puma shares slumped on Thursday as the German apparel maker’s preliminary fourth-quarter numbers disappointed analysts.
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