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Puma reports a significant drop in share value due to lowered sales forecasts and tariffs.
Puma, a German sportswear brand, reported a significant drop in its share value due to lowered sales forecasts and a projected loss for the year.
The company cited "muted brand momentum," US tariffs, and high inventory levels as key factors.
Puma now expects its sales to decline by a low double-digit percentage, compared to earlier projections of a slight decline.
Tariffs are expected to reduce the company's gross profit by €80 million this year.
The company has also announced plans to reduce its inventories.
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Puma informa una caída significativa en el valor de las acciones debido a la reducción de las previsiones de ventas y tarifas.