Puma lost more than a fifth of its market value on Thursday after the weak quarterly results highlighted the work Puma still faces to take a bigger slice of the $400 billion global sportswear market ...
(Reuters) -Puma shares fell by 16% as the market opened on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit. The weak results ...
Shares in Puma fell sharply on Thursday after the German sportswear brand reported it had missed its profit target for 2024. According to preliminary results published on Wednesday evening ...
We view Puma as a leader in global sportswear but do not believe it has achieved a competitive advantage. Since 2014, Puma’s annual sales have risen to nearly EUR 9 billion from EUR 3 billion as ...