Puma Plunges After Profit Warning Highlights Adidas’s Lead
4 days ago · (Bloomberg) -- 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.
Adidas, Puma weigh job cuts as latter disappoints with profit fall
4 days ago · But Gulden said Adidas still needed to do better and the company is targeting profit margins of 10%, which is up from 5.6% last year. Puma, Adidas's smaller rival, said Wednesday that it was also aiming to cut costs, including through "personnel expenses" – suggesting job cuts could be on the table – as it released disappointing results.
Puma and Adidas Share Price Performance Gap Gets Even Wider
4 days ago · (Bloomberg) -- The gulf in performance between Adidas AG and Puma SE shares since Bjorn Gulden hopped between the German sportswear makers just got wider.Most Read from BloombergWhat Happened to ...
Puma and Adidas Share Price Performance Gap Gets Even Wider
4 days ago · The gulf in performance between Adidas AG and Puma SE shares since Bjorn Gulden hopped between the German sportswear makers just got wider.. Puma shares fell as much as 23% Thursday, the steepest ...
Adidas Planning To Layoff Up To 500 People At German ... - ABP …
2 days ago · Puma Announces Cost-Cutting Measures. Notably, competitor Puma also announced in the week that it plans to initiate a cost-cutting programme. The announcement followed the company reporting a net profit in 2024 below the earlier year’s level. The net profit for 2024 touched €282 million, in comparison to €305 million reported in 2023.
Puma shares plunge 23% as weak profit shakes confidence
4 days ago · Puma has increased spending on marketing to boost its brand perception, and the Speedcat is priced at 109.95 euros ($114.44) on its website, on par with Adidas' Samba – whereas Puma shoes have ...
Puma stock slumps a day after Adidas rally. New Speedcat range …
4 days ago · Puma reported fourth-quarter revenue growth, at constant currencies, of 9.8% to €2.29 billion ($2.38 billion), missing its own guidance for double-digit sales growth, and consensus expectations ...
Puma shares plunge after missing profit target - Financial Times
4 days ago · 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 ...
Sportswear Giants Adidas And Puma Weighing Job Cuts
4 days ago · 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. Adidas said it wanted to ensure "long ...
Puma Starts Cost-Cutting Program After Disappointing Earnings
4 days ago · 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.
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