Puma SE

PUM: XETR (DEU)
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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.

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