Tag: $Puma

Puma lost 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.

Puma shares fell Wednesday after the German apparel company’s 2023 net profit and 2024 guidance came in below analyst expectations.

July 26 (Reuters) – German sportswear brand Puma’s (PUMG.DE) second-quarter sales grew by 11%, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and Europe, while the U.S. dragged.

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