Puma Plunges After Profit Warning Highlights Adidas’s Lead
3 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 Planning To Layoff Up To 500 People At German ... - ABP …
1 day 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.
Adidas, Puma weigh job cuts as latter disappoints with profit fall
3 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.
The Weekly Closeout: Puma eyes ‘efficiency program,’ Adidas …
2 days ago · Adidas could turn to job cuts in operating model overhaul. On the back of 24% sales growth in its preliminary Q4 results, Adidas is taking a new look at its operating model. The restructuring ...
Puma and Adidas Share Price Performance Gap Gets Even Wider
3 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 ...
Puma shares plunge 23% as weak profit shakes confidence
3 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 shares plunge after missing profit target - Financial Times
3 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 ...
Puma and Adidas Share Price Performance Gap Gets Even Wider
3 days ago · And while Puma shares may appear cheap, trading at about 13 times blended forward earnings versus Adidas’s 33 times, some investors — such as Swetha Ramachandran, a fund manager at Artemis ...
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.
Puma stock slumps a day after Adidas rally. New Speedcat range …
3 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 ...
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