Puma stock plunges despite record revenue

Jul. 27, 2022 11:36 AM ETPUMA SE (PMMAF) Stock, PUMSY StockBy: SA News Team

PUMA store is seen in Niagara-on-the-Lake, Ontario, Canada on September 10, 2019.

JHVEPhoto/iStock Editorial via Getty Images

PUMA SE (OTCPK:PMMAF) shares slid sharply on Wednesday despite reporting record second quarter revenue.

For the second quarter, the German apparel and footwear manufacturer reported a 25.8% jump in revenue to €2.0B, coming in €110M above expectations. Net earnings also

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