PUMA (ETR:PUM) Second Quarter 2024 Results
Key Financial Results
- Revenue: €2.12b (flat on 2Q 2023).
- Net income: €41.9m (down 24% from 2Q 2023).
- Profit margin: 2.0% (down from 2.6% in 2Q 2023).
- EPS: €0.28 (down from €0.37 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PUMA EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe.
Performance of the market in Germany.
The company's shares are down 21% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for PUMA that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:PUM
PUMA
Engages in the development and sale of athletic footwear, apparel, and accessories in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
Excellent balance sheet with reasonable growth potential and pays a dividend.
