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Puma races to cut costs after FY profit miss sends stock lowerPuma (OTCPK:PMMAF) launched a cost-cutting program on Wednesday after the German sportswear maker missed its full-year profit estimates, which sent shares tumbling. Puma's Frankfurt-listed shares ...
Puma shares ended the day down 22.8% at 32.3 euros, their worst day ever and hitting their lowest level since February 2018. Puma has been relaunching shoes such as the 1999 motor racing-inspired ...
Puma shares tumbled 22.8 per cent after the German sportswear brand reported lower-than-expected sales and a drop in profit – raising fresh questions about its ability to compete against bigger ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Puma fell sharply on Thursday after the German sportswear brand reported it had missed its profit ...
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