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PUMA (PUMSY)
OTHER OTC:PUMSY
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call outlines decisive corrective actions and several positive product, channel and licensing developments (D2C share gains, inventory cleanup ahead of plan, royalty growth, successful product launches and strengthened partnerships). However, these positives are set against material near-term financial deterioration: steep Q4 and full-year sales declines, significant wholesale pain, large operating losses, negative free cash flow, higher net debt and notable one-time charges. Management expects 2026 to be a transition year with gradual improvement in gross margin and a path back to growth and profitability in 2027, but short-term risks remain substantial.Company Guidance
Clear Strategic Reset and Rightsizing Underway
Management initiated a 3-year transformation (reset) in 2025: cleaning undesirable wholesale, reducing discounts, reducing range complexity (double-digit range cuts), and rightsizing headcount (target ~20% reduction in white-collar roles between 2025–2026; 500 positions cut H1 2025 with further reductions underway).
D2C Mix Increased and Channel Shift Progress
Direct-to-consumer (D2C) share rose materially: Q4 D2C share 41.1% (from 35.5% in Q4 2024); full year D2C share 32.4%. Full-year D2C sales increased 3% despite Q4 D2C down 8% (e-commerce -20%, owned stores ~-1%). Management expects D2C growth to continue and be a structural priority.
Inventory Cleanup Ahead of Plan
Company reported inventory cleanup slightly ahead of plan: Q4 inventories started to decline after targeted takebacks; reported inventory +2% (currency-adjusted +11%) to ~EUR 2.1bn, with commitment to return inventories to normalized levels by end-2026.
Cost Efficiency and OpEx Discipline
Operating expenses (ex onetime effects) fell ~8% in Q4 to EUR 887m and were flat year-over-year at ~EUR 3.5bn for FY 2025, reflecting savings from the efficiency program and lower D2C spending despite lower sales.
Strong Licensing/Royalty Performance
Royalty and commission income increased 36% in Q4 and rose 4.4% year-over-year to EUR 92m for FY 2025, supported by changes in partnership structures (e.g., United Legwear).
Sport & Brand Momentum and Product Wins
Notable sports achievements (Mondo Duplantis world record, marathon and running milestones, 10 teams qualified for FIFA World Cup), strategic partnerships (extended HYROX, new McLaren F1 partnership) and successful recent product launches (handball personalized sellout, HYROX dedicated footwear sellout, Deviate NITRO Elite 4) that signal demand for premium product lines.
Liquidity Measures and Financing Secured
Financial headroom ~EUR 1.5bn at end-2025 (cash EUR 290m + ~EUR 1.2bn unutilized credit lines); secured additional EUR 100m private placement in Feb-2026 and reduced bridge facility, providing near-term liquidity to support transformation.
Gross Margin Tailwinds Expected in 2026
Management expects a substantial improvement in gross margin in 2026 driven by lower promotions, reduced inventory reserves, and a more favorable channel mix (shift toward D2C).
PUMSY 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
PUMSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $2.67 | $2.93 | +9.82% |
Oct 30, 2025 | $2.40 | $2.17 | -9.61% |
Jul 31, 2025 | $2.23 | $2.13 | -4.26% |
May 08, 2025 | $2.61 | $2.73 | +4.36% |
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 (PUMSY) report earnings?
PUMA (PUMSY) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is PUMA (PUMSY) earnings time?
PUMA (PUMSY) earnings time is at Apr 30, 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 PUMSY EPS forecast?
PUMSY EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.