Tag: $Puma

Puma shares jumped as much as 16% early Thursday following a report that China’s Anta Sports is among a number of firms looking to buy the struggling German athletic brand.

Shares of Puma (ETR:PUMG) sank 16% on Friday after it sharply lowered its full-year 2025 forecast after posting a second-quarter loss and missing internal and market expectations on both revenue and earnings.

Prices of Nike Jordan and Adidas Samba sneakers are likely to rise in the U.S. after President Donald Trump imposed a raft of new tariffs on Vietnam, China, and Indonesia, key manufacturers of sportswear and apparel.

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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