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Puma Shares Jump on Sales Beat and Inventory Drop

Puma reported third-quarter sales of 1.77 billion euros, slightly beating market forecasts. Inventories dropped significantly by 24 percent, reassuring investors about the sportswear maker's cost-cutting progress.

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Puma Speedcat OG and Adidas Gazelle sneakers are displayed at a store in Paris, France, January 24, 2025. REUTERS/Benoit Tessier

PUMA SE reported third-quarter sales of €1.77 billion ($1.98 billion) on Friday, beating analysts' €1.75 billion forecast despite a 5% drop from the previous year.