PUMA Se (PUMd)

Puma's EPS topped consensus while revenue came in line in the second fiscal quarter of 2026, reported July 31, with revenue falling 13% to about EUR 1.7 billion from about EUR 1.9 billion a year ago and gross margin near 48%. EPS of EUR -0.48 topped the EUR -0.50 estimate, +2%, and was up 71% from EUR -1.67 a year ago, while revenue of EUR 1.691 billion against EUR 1.673 billion consensus, +1.1%, came in line. Gross profit reached about EUR 812.3 million, and the operating line stayed negative with a loss of about EUR 60.3 million and operating margin around -4%; net income was a loss of about EUR 72.8 million, up 70.5% from a loss of about EUR 247 million a year ago. Next-period consensus calls for EPS of EUR -0.40 on revenue of EUR 1.737 billion.