Puma Has Growth Opportunities in China -- Market Talk

Dow Jones

06/04

0937 GMT - Puma seems to have a potential major growth opportunity in China in the medium term, analysts at Citi say in a note. Earlier this year, Anta Sports--China's biggest sportswear brand--agreed to acquire a stake in the German company for $1.79 billion, making it the biggest shareholder. The deal should boost Puma's sales growth trajectory above current consensus estimates for next year and 2028, they say. The analysts also see scope for gross margin expansion, despite headwinds from sourcing and freight. Citi assumes Puma's return to profitable growth in 2027, in line with the company's guidance. Citi upgrades its rating on the company to buy from neutral. Shares are up 5.8% at 27.98 euros. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 05:39 ET (09:39 GMT)

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Earlier this year, Anta Sports--China's biggest sportswear brand--agreed to acquire a stake in the German company for $1.79 billion, making it the biggest shareholder. The deal should boost Puma's sales growth trajectory above current consensus estimates for next year and 2028, they say. The analysts also see scope for gross margin expansion, despite headwinds from sourcing and freight. Citi assumes Puma's return to profitable growth in 2027, in line with the company's guidance. Citi upgrades its rating on the company to buy from neutral. Shares are up 5.8% at 27.98 euros. 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Earlier this year, Anta Sports--China's biggest sportswear brand--agreed to acquire a stake in the German company for $1.79 billion, making it the biggest shareholder. The deal should boost Puma's sales growth trajectory above current consensus estimates for next year and 2028, they say. The analysts also see scope for gross margin expansion, despite headwinds from sourcing and freight. Citi assumes Puma's return to profitable growth in 2027, in line with the company's guidance. Citi upgrades its rating on the company to buy from neutral. Shares are up 5.8% at 27.98 euros. (andrea.figueras@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 05:39 ET (09:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMCWC346.EUR","symbol_name":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640156870","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640156870","pubTimestamp":1780565940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0937 GMT - Puma seems to have a potential major growth opportunity in China in the medium term, analysts at Citi say in a note. Earlier this year, Anta Sports--China's biggest sportswear brand--agreed to acquire a stake in the German company for $1.79 billion, making it the biggest shareholder. The deal should boost Puma's sales growth trajectory above current consensus estimates for next year and 2028, they say. The analysts also see scope for gross margin expansion, despite headwinds from sourcing and freight. Citi assumes Puma's return to profitable growth in 2027, in line with the company's guidance. Citi upgrades its rating on the company to buy from neutral. Shares are up 5.8% at 27.98 euros. 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Earlier this year, Anta Sports--China's biggest sportswear brand--agreed to acquire a stake in the German company for $1.79 billion, making it the biggest shareholder. The deal should boost Puma's sales growth trajectory above current consensus estimates for next year and 2028, they say. The analysts also see scope for gross margin expansion, despite headwinds from sourcing and freight. Citi assumes Puma's return to profitable growth in 2027, in line with the company's guidance. Citi upgrades its rating on the company to buy from neutral. Shares are up 5.8% at 27.98 euros. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 05:39 ET (09:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}