Puma SE Cuts FY24 Earnings View After Weak Q2; Stock Down

Shares of Puma SE were losing more than 12 percent in the morning trading in Germany after the sportswear maker reported Wednesday lower profit in its second quarter amid nearly flat sales, while operating profit improved. The company further trimmed its fiscal 2024 earnings view citing external factors of higher freight costs, changing duties and continued muted consumer sentiment...

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