financetom
Business
financetom
/
Business
/
Puma narrows FY core profit outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Puma narrows FY core profit outlook
Aug 6, 2024 11:48 PM

(Reuters) - German sportswear maker Puma on Wednesday narrowed down its outlook for full-year core profit, citing expected higher freight costs and continued muted consumer sentiment, especially in China.

It now expects operating profit (EBIT) to come in a range between 620 million and 670 million euros ($676-$731 million)compared to between 620 million to 700 million euros previously.

It confirmed its full-year outlook for currency adjusted revenue in mid single-digit percentage.

($1 = 0.9168 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Boeing's Starliner Lifts Off on First Crewed Mission
Update: Boeing's Starliner Lifts Off on First Crewed Mission
Jun 5, 2024
12:34 PM EDT, 06/05/2024 (MT Newswires) -- (Adds detail throughout) Boeing's ( BA ) CST-100 Starliner space capsule rocketed into space on Wednesday with two astronauts onboard, heading for the International Space Stations after two previous launch attempts recently were scrubbed shortly before liftoff. The Starliner capsule left Cape Canaveral Space Force Station in Florida on top of an Atlas...
Walmart says it saw no impact from war in Gaza
Walmart says it saw no impact from war in Gaza
Jun 5, 2024
BENTONVILLE, Arkansas, June 5 (Reuters) - U.S. retailer Walmart ( WMT ) said on Wednesday it saw no impact from the war in Gaza, which has now raged on for nearly eight months. The company witnessed a minor supply chain issue, Doug McMillon, the chief executive of the retailer, said at the company's annual general meeting in Bentonville, Arkansas, but...
Update: Verint Systems Shares Rise After Q1 Results; Fiscal 2025 Guidance Set
Update: Verint Systems Shares Rise After Q1 Results; Fiscal 2025 Guidance Set
Jun 5, 2024
12:34 PM EDT, 06/05/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph) Verint Systems ( VRNT ) shares were up 17.8% in recent Wednesday trading after the company reported Q1 earnings late Tuesday. The company reported Q1 non-GAAP earnings of $0.59 per diluted share, up from $0.53 a year earlier. Analysts polled by Capital IQ...
S&P Global, BlackRock Among Suitors Reportedly Lined Up To Acquire Preqin
S&P Global, BlackRock Among Suitors Reportedly Lined Up To Acquire Preqin
Jun 5, 2024
12:33 PM EDT, 06/05/2024 (MT Newswires) -- S&P Global ( SPGI ) is among a slew of firms interested in data provider Preqin as it explores a sale, media outlets reported Wednesday. Preqin sale, which was being advised by Goldman Sachs Group (GS), could value the British company at more than 1 billion British pounds ($1.28 billion), the Financial Times...
Copyright 2023-2026 - www.financetom.com All Rights Reserved