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Tuesday, May 14, 8:17 AM Puma (PMMAF.PK) warns sales could fall 1% to 5% in 2013 after the retailer saw Q1 come in below expectations. The company says it will make a clean break from the strategy of its former CEO of 18 years as a focus on fashionable lifestyle products sputtered in Europe and China. Analysts don't think the weakness at Puma is a stark warning sign for Nike (NKE) or Adidas (ADDYY.PK). Comment! [Global & FX, Consumer]
Friday, May 3, 2:49 PM Athletic shoes in focus: Analysts think the strong quarter in North America by Adidas (PMMAF.PK) confirms that demand for athletic shoes is outpacing other retail categories. Nike (NKE +2%), Foot Locker (FL +0.9%), and Finish Line (FINL +3.1%) could surprise to the upside as new lines sell well and a shift in the product mix toward higher-margin basketball shoes helps boosts results - while don't count out Dick's Sporting Goods (DKS +2%) and Under Armour (UA +0.9%) to also catch some of the action. Comment! [Consumer]
Friday, May 3, 7:02 AM A healthy performance by Adidas (PMMAF.PK) in Q1 bodes well for Nike (NKE) as demand for higher-margin products helped boost profitability. What to watch: Nike wants to get back on track in China which accounts for over 10% of its total revenue and the strong performance by Adidas in its golf category in new markets could translate well for Nike. Comment! [Consumer]
Friday, May 3, 6:54 AM Adidas (PMMAF.PK) recorded its highest gross profit margin evere as the company saw a shift in products sold to higher margin items. Net income jumped 6.5% percent to €308M ($403M) to topple the estimates of analysts calling for €298.5 ($392.8M). The company also confirmed its outlook for 2013. Shares of Adidas are up 5.7% in Frankfurt trading. Comment! [Global & FX, Consumer]
Thursday, April 18, 7:00 AM Puma (PMMAF.PK) appoints Bjorn Gulden as its new CEO, hiring the exec away from jewelry firm Pandora. Gulden faces the large task of turning around sales and profit at Puma with Adidas and Nike simply running over it for the last few years. Comment! [Global & FX, Consumer]
Wednesday, December 12, 2012, 8:10 AM Puma (PMMAF.PK) announces its CEO will step down next spring as part of a large corporate reshuffling by parent PPR at the sportswear company. While beefy rivals Adidas and Nike ride out the sluggish European economy with their larger global footprint helping smooth out sales, Puma is under pressure to cut costs in order to save profits. 1 Comment [Global & FX, Consumer]
Monday, August 13, 2012, 7:34 AM Twitter announces a record-setting 150M tweets about the Olympics were sent over the past 16 days, with Puma (PMMAF.PK)-attired Usain Bolt emerging as the most discussed athlete of the London Games. Comment! [Consumer, Global & FX]
Monday, August 6, 2012, 12:43 PM Slumping Puma (PMMAF.PK) may have got the shot in the arm it needed for its Bolt brand when Jamaican sprinter Usain Bolt dashed to a gold medal in the 100-meter race at the Olympics. Mired third in sportswear sales behind Nike and Adidas, the German company may have seen its fortunes improve in a mere 9.63 seconds. Comment! [Consumer, Global & FX]
Wednesday, July 18, 2012, 6:40 AM Puma (PMMAF.PK) announces it will close stores due to weak demand in Europe and cuts its forecast for sales and profits in 2012. Shares -7.3% in Frankfurt trading. On watch: Nike (NKE). Comment! [Consumer, Global & FX]
Tuesday, March 27, 2012, 3:30 PM Adidas (ADDYY.PK) appears to be in line for only a bronze medal this year with rivals Nike (NKE -0.4%) and Puma (PMMAF.PK) both projecting sales growth in the double digits, fueled by exposure from the London Olympics. On the other hand, the German company sees sales growth actually slowing down this year to 5%-9% from 13% last year. Comment! [Global & FX]
Wednesday, March 10, 2010, 12:09 PM Fortune Brands (FO +0.4%) will sell its Cobra Golf line to Puma AG (PMMAF.PK), resulting in a one-time gain of $0.05/share but trimming 2010 earnings by $0.02. Fortune will focus more on its existing golf brands Titleist and FootJoy. Comment!

PMMAF.PK Puma Ag Rudolf Dassl

PMMAF.PK

Puma Ag Rudolf Dassl