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Puma shares plunge
Puma shares plunge 21% after sales and profit miss
By Helen Reid (Reuters) -Puma shares sank 21% 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 against bigger rivals Adidas and Nike.
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. Puma announced belt-tightening efforts on Wednesday and downgraded its profit margin guidance.
Puma shares plunge on profit target downgrade
Puma shares plunged on Thursday morning, after the German sportswear company reported disappointing earnings and downgraded its profitability targets.
22h
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 ...
5h
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 ...
4d
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 ...
8d
This Week’s Best Sneakers: Featuring Travis Scott’s Nike Zoom Field Jaxx Light Chocolate, Fenty x Puma Avanti & More
Welcome to SNX DLX, your weekly roundup of the best sneakers to hit the internet. Nike’s release strategy this year is an ...
3d
Rihanna Makes Her Recording Studio Comeback in a Fur Coat, Puma Sneakers, and Louis Vuitton Bag
Kyle Richards was seen with Morgan Wade days after a drama-filled episode of the "RHOBH" aired with advice from co-star, ...
4h
on MSN
Puma shares plunge 23% after Q4 profit misses Street estimates, stock hits lowest level in two decades
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 ...
Hosted on MSN
3d
"I’m going to need those": Fans excited as Salehe Bembury unveils first images of his PUMA shoes
The global sneaker industry is buzzing with excitement as designer Salehe Bembury reveals the first look at his collaboration ...
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