(Reuters) – Puma’s shares were seen falling 8% in Wednesday’s premarket indications, after the German sportswear group gave a disappointing outlook for first-quarter sales due to a weak performance in the U.S. and China the night before.
Puma said on Tuesday it expected currency-adjusted sales growth in the first quarter of 2025 to be in a low single-digit percentage, below last year’s level.
It also released an outlook for 2025, saying it expected to incur one-time costs of up to 75 million euros ($81.8 million) as part of its cost efficiency programme.
($1 = 0.9173 euros)
(Reporting by Linda Pasquini in Gdansk, editing by Milla Nissi)
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