Puma Warns Tariffs, Geopolitical Tensions in 2025 Forecast
2 weeks, 5 days ago

Puma Warns Tariffs, Geopolitical Tensions in 2025 Forecast

Live Mint  

-- Puma SE forecast another slow year of growth in 2025 due to global trade tariffs, currency volatility and geopolitical tensions. “Puma’s weak 1Q and 2025 trails consensus and suggests spending and cost uncertainty due to economic and trade tensions in the US and China,” Bloomberg Intelligence analysts Poonam Goyal and Sydney Goodman wrote in a research note. For the full year, and including the one-time costs, Puma expects that measure of earnings to be in the range of €445 million to €525 million — well below the previous year’s result. Related: Puma Plunges After Profit Warning Highlights Adidas’s Lead Puma shares are down about 32% in the past year, trailing the performance of crosstown rival Adidas AG as well as industry leader Nike Inc. Last month, Freundt promised to give more conservative forecasts after surprising investors with bad news.

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Puma Plunges After Profit Warning Highlights Adidas’s Lead
2 months, 1 week ago

Puma Plunges After Profit Warning Highlights Adidas’s Lead

Live Mint  

-- 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. Retro Trend Several factors help explain Puma’s and Adidas’ divergent trajectories. Perhaps Gulden’s most important early decisions at Adidas were recognizing growing consumer interest for retro sneakers like the Samba and expediting production. …

Puma warns inflation, pandemic could hit profitability
3 years, 1 month ago

Puma warns inflation, pandemic could hit profitability

Live Mint  

Puma SE Chief Executive Bjorn Gulden said Wednesday that the coronavirus pandemic is still harming its supply chains while inflation is hurting costs and margins. The German sporting-goods company said net profit slipped to 7.9 million euros in the fourth quarter of 2021 from EUR24.7 million a year earlier. “At the start of 2022, Covid-19 is unfortunately still negatively affecting …

Puma sees sneaker growth persisting as Gucci owner lets go
7 years, 1 month ago

Puma sees sneaker growth persisting as Gucci owner lets go

Live Mint  

Munich/Frankfurt: Puma SE is counting on the trend of sneakers invading schools and offices to continue unabated, bolstering its growth as an independent company. The German sportswear company said Monday it expects operating profit to rise by as much as one-third this year as its sneakers and hoodies find their way into more young shoppers’ wardrobes. While that means more …

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