Finance
Puma expects a loss this year due to falling sales, US tariffs
Published by Global Banking & Finance Review®
Posted on July 25, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 25, 2025
2 min readLast updated: January 22, 2026
Puma anticipates a loss this year due to falling sales and US tariffs, with new CEO Arthur Hoeld aiming to improve performance.
(Reuters) -German sportswear brand Puma expects to make a loss this year, it said on Thursday, slashing its financial outlook due to weaker sales and an expected hit to gross profit from the impact of U.S. tariffs.
Puma has been struggling to boost sales and profits, and the board named a new chief executive in April in a bid to turn performance around. Former Adidas sales chief Arthur Hoeld officially started on July 1.
Puma did not say how big the annual loss is likely to be. It had previously expected earnings before interest and tax of between 445 million euros and 525 million euros for the year.
Puma also now expects currency-adjusted sales for the year to decline by at least 10%, having previously forecast low- to mid-single-digit growth.
Puma, which in March announced job cuts and warned of uncertain U.S. consumer demand, said "both sector-wide and company-specific challenges" would continue to significantly impact its performance.
Puma's second-quarter currency-adjusted sales of 1.94 billion euros ($2.28 billion) were weaker than analysts expected, with North America sales dropping 9.1% and Europe down 3.9%.
Despite mitigation efforts like supply chain optimization and pricing adjustments, Puma said U.S. tariffs on imports would likely reduce its 2025 gross profit by approximately 80 million euros.
Citi analyst Monique Pollard said she expects a "materially negative" market reaction on Friday, after Puma shares made some gains over the past month. The stock is down around 44% since the start of the year.
($1 = 0.8516 euros)
(Reporting by Nilutpal Timsina in Bengaluru; Additional reporting by Mrinmay Dey and Helen Reid; Editing by Alan Barona and Shri Navaratnam)
Puma expects to make a loss this year, slashing its financial outlook due to weaker sales and the impact of US tariffs.
Puma now expects currency-adjusted sales for the year to decline by at least 10%, having previously forecast low- to mid-single-digit growth.
Puma cited both sector-wide and company-specific challenges that will significantly impact its performance, including uncertain U.S. consumer demand.
Citi analyst Monique Pollard expects a 'materially negative' market reaction following Puma's announcement, as the stock has already dropped around 44% since the start of the year.
Puma has implemented mitigation efforts like supply chain optimization and pricing adjustments to address the challenges it faces.
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