Puma Anticipates Continued Losses and Halts Dividend Amid Inventory Challenges

Puma has projected further financial losses for this year and has decided to eliminate its dividend as it works to address excess inventory of sneakers and apparel. Bloomberg posted on X, highlighting the German sportswear company's efforts to manage unsold stock, which has impacted its financial outlook. The decision to forgo the dividend reflects Puma's focus on stabilizing its financial position amid ongoing market challenges. The company is taking strategic steps to clear its inventory, aiming to improve its financial health in the coming months.