Puma SE

PUM: XETR (DEU)

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Puma Earnings: In-Line Results Amid Internal and External Turmoil; Shares Very Undervalued

David Swartz

May 9, 2025

Puma reported flat currency-neutral first-quarter sales on weak wholesale demand in North America and Greater China. Excluding EUR 18 million in one-time costs from its "nextlevel" efficiency program, its adjusted EBIT margin was 3.6%, down 4 percentage points.

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Puma SE

Puma Earnings: In-Line Results Amid Internal and External Turmoil; Shares Very Undervalued

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