Decline in Revenue at PUMA - Company to Cut 900 Jobs Worldwide
Quelle: TVF FERNSEHEN IN FRANKEN PROGRAMM GMBH (Glomex)
The sportswear manufacturer PUMA presented its figures for the third quarter of 2025 today. The company based in Herzogenaurach recorded a 10.4 percent decline in revenue to just under 1.96 billion euros. Reasons include lower wholesale sales, the impact of US tariffs, and the current reduced importance of brand names among customers, according to the corporation. The company plans to cut around 900 administrative positions worldwide by the end of 2026. Despite the current losses, PUMA confirms the outlook for the full year and expects the company to resume growth from 2027 onwards.