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PUMA Stock Plunges On Weak Outlook, Dividend Cut, Despite Upbeat Q4

PUMA Stock Plunges On Weak Outlook, Dividend Cut, Despite Upbeat Q4

Shares of Puma SE were sinking more than 24 percent in the morning trading in Germany after the sportswear maker on Wednesday warned on weak earnings in its first quarter and fiscal 2025 and trimmed dividend, despite reporting significantly higher profit in its fourth quarter with strong sales.
RTTNews | 566 hari yang lalu
Puma SE Cuts FY24 Earnings View After Weak Q2; Stock Down

Puma SE Cuts FY24 Earnings View After Weak Q2; Stock Down

Shares of Puma SE were losing more than 12 percent in the morning trading in Germany after the sportswear maker reported Wednesday lower profit in its second quarter amid nearly flat sales, while operating profit improved. The company further trimmed its fiscal 2024 earnings view citing external factors of higher freight costs, changing duties and continued muted consumer sentiment...
RTTNews | 783 hari yang lalu