Puma SE
PUM: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.?d | LOCK|kJ | LOCK|>msNH>C |
Puma Earnings: Full Release Affirms Depth of Problems, but Shares Are Very Undervalued
Following its July 25 preliminary report, Puma revealed poor second-quarter results, including an 8% (2% currency-neutral) sales drop and an adjusted EBIT loss of EUR 13 million. The firm also affirmed its bleak full-year outlook of a low-double-digit currency-adjusted sales decline and EBIT loss.
