The earnings call presented a mixed picture with strong growth in the Direct to Consumer segment and successful brand campaigns, contrasted by declines in wholesale sales, a drop in EBIT and net income, and challenges with inventory and working capital. The company is maintaining its outlook for 2025 despite uncertainties around US tariffs.

Company Guidance -

Q3 2025

During the Q1 2025 earnings call for PUMA SE, guidance was provided for several key metrics. Sales remained flat year-over-year on a currency-adjusted basis at EUR 2.1 billion, with direct-to-consumer (DTC) business growing by 12%, driven by a 17.3% increase in e-commerce, while wholesale declined by 3.6%. The adjusted EBIT decreased by 52% to EUR 76 million, impacted by a 60 basis points reduction in gross profit margin, primarily due to the absence of last year's positive inventory valuation effects. Operating expenses rose by 7.1%, influenced by growth in DTC business and higher marketing activity. Net income was reported at EUR 0.5 million. Inventory levels increased by 21% currency-adjusted, partly due to accelerated deliveries to the US ahead of new tariffs. PUMA maintained its full-year 2025 outlook, expecting low to mid-single-digit currency-adjusted sales growth and adjusted EBIT between EUR 520 million and EUR 600 million, excluding potential impacts from the new US tariffs. The company is also executing the nextlevel cost efficiency programme, targeting an EBIT contribution of up to EUR 100 million in 2025.

Direct to Consumer (DTC) Growth

PUMA's DTC business grew by 12%, led by e-commerce at 17.3%, with robust participation from all regions.

Successful Brand Campaign Launch

Launched 'Go Wild', the biggest brand campaign to date, focusing on running, which has received millions of views and strong visibility globally.

Product Innovation

Introduced new products such as the PUMA Deviate NITRO Elite 3 and PUMA FUTURE 8, contributing to positive brand momentum.

EMEA and Emerging Markets Growth

EMEA sales grew by 5.1% and emerging markets EEMEA and Latin America showed double-digit growth rates.

PUMA SE NPV (DE:PUM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:PUM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.14 / -	0.86	―	―	―
Jul 31, 2025	2025 (Q2)	-0.83 / -1.39	0.28	-596.07% (-1.67)		―
May 08, 2025	2025 (Q1)	0.09 / 0.00	0.58	―
Mar 12, 2025	2024 (Q4)	0.20 / 0.16	0.01	1500.00% (+0.15)
Nov 06, 2024	2024 (Q3)	0.89 / 0.86	0.88	-2.27% (-0.02)		―
Aug 07, 2024	2024 (Q2)	0.43 / 0.28	0.37	-24.32% (-0.09)		―
May 08, 2024	2024 (Q1)	0.55 / 0.58	0.78	-25.64% (-0.20)		―
Feb 27, 2024	2023 (Q4)	0.11 / 0.01	0.01	0.00% (0.00)		―
Oct 24, 2023	2023 (Q3)	0.95 / 0.88	0.98	-10.20% (-0.10)		―
Jul 26, 2023	2023 (Q2)	0.38 / 0.37	0.56	-33.93% (-0.19)

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
Jul 31, 2025	€19.41	€18.64	-3.97%
May 08, 2025	€22.76	€23.95	+5.22%
Mar 12, 2025	€27.67	€22.16	-19.92%
Nov 06, 2024	€41.30	€42.17	+2.10%

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 Oct 30, 2025, TBA (Confirmed).

What is PUMA SE NPV (DE:PUM) earnings time?

PUMA SE NPV (DE:PUM) earnings time is at Oct 30, 2025, 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 2025 (Q3) is -0.14.

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