Tag Archives: Puma

Puma shares plunge 18% after full-year sales, profit outlook cut on U.S. tariffs

Puma shares plunge 18% after full-year sales, profit outlook cut on U.S. tariffs

Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminary updated after markets closed on Thursday, the retailer said it expects full-year sales …

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