PUMA SE NPV (DE:PUM)
XETRA:PUM
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Earnings Data
Report Date
Jul 29, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.51Last Year’s EPS
-1.67Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents meaningful operational progress — margin expansion, adjusted EBIT improvement, inventory and working‑capital cleanup, D2C momentum, product sellouts and range rationalization — demonstrating measurable progress on the transformation agenda. However, top‑line pressure (currency‑adjusted sales declines), regional weakness (notably EMEA and wholesale), FX headwinds, a seasonal negative free cash flow in Q1 and an FY26 EBIT guidance showing an expected operating loss temper near‑term enthusiasm. Overall, positives around structural improvements and margin recovery are balanced by near‑term sales and profitability headwinds and external uncertainties.Company Guidance
Improved Profitability and Margins
Gross profit margin up 60 basis points to 47.7%; adjusted EBIT ~€64m, up ~5% year‑on‑year; reported EBIT ~€52m, up almost 20% YoY; EBIT margin improved to 2.8% from 2.2%.
Direct‑to‑Consumer (D2C) Momentum
D2C sales grew 3.8% with owned & operated retail stores up 5.7% and e‑commerce up 0.6%; D2C share increased to 28.3% from 27.5% year‑on‑year, supporting a more favorable channel mix.
Inventory and Working Capital Progress
Inventories declined ~9% to €1.9bn and are slightly ahead of plan; trade receivables down ~20% to €1.2bn; trade payables down ~26% to ~€1.0bn; overall working capital reduced almost 10% to €1.8bn with inventories expected to normalize below 25% of sales by end‑2026.
Cost Discipline and OpEx Reduction
Operating expenses (ex one‑offs) fell ~5.5% to €848m, driven by cost efficiency program savings and lower marketing (phasing effect), and structural right‑sizing actions continue (500 positions reduced in H1 2025; further reductions underway toward a 20% corporate reduction target).
Product and Brand Wins
Strong product momentum: NITRO platform performing well (running & HYROX), multiple product sellouts (e.g., HYROX product, Deviate NITRO Elite 4, Mathias Gidsel handball shoe), 11 teams qualified for FIFA World Cup, several world records and motorsport podiums boosting brand visibility.
Stronger Financial Headroom
Cash position increased ~15% YoY to €326m and unutilized credit lines ~€800m, yielding total financial headroom of ~€1.1bn; management expects full‑year 2026 free cash flow to turn positive.
Range Rationalization Progress
Range/SKU complexity materially reduced (mid‑double digit SKU reduction), with a push toward a more consistent global core assortment while retaining local market additions.
DE:PUM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:PUM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | €24.68 | €25.98 | +5.27% |
Feb 26, 2026 | €22.61 | €24.83 | +9.82% |
Oct 30, 2025 | €20.60 | €18.78 | -8.83% |
Jul 31, 2025 | €19.41 | €18.64 | -3.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PUMA SE NPV (DE:PUM) report earnings?
PUMA SE NPV (DE:PUM) is schdueled to report earning on Jul 29, 2026, TBA (Confirmed).
What is PUMA SE NPV (DE:PUM) earnings time?
PUMA SE NPV (DE:PUM) earnings time is at Jul 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of PUMA SE NPV stock?
The P/E ratio of PUMA SE NPV is N/A.
What is DE:PUM EPS forecast?
DE:PUM EPS forecast for the fiscal quarter 2026 (Q2) is -0.51.