India, March 12 -- Shares of Puma SE were sinking around 23 percent in the morning trading in Germany after the sportswear maker on Wednesday warned on weak earnings in its first quarter and fiscal 2025 and trimmed dividend, despite reporting significantly higher profit in its fourth quarter with strong sales.
Arne Freundt, Chief Executive Officer of PUMA SE, said, "Our outlook for 2025 is below the expectations we set a year ago, both in terms of top and bottom lines. We are fully aware of the root causes of our challenges and are addressing them with full focus and rigor. ....While 2025 will be a challenging year, I am particularly excited to see the impact of our new brand campaign, the launch of our latest running innovations and the b...