纺织服饰行业周专题:PUMA2025Q2业绩发布 短期业绩承压 公司下调2025年业绩指引

国盛证券
Aug 10, 2025

【本周专题】Puma 2025Q2 业绩发布,短期业绩承压,公司下调2025 年业绩指引。Puma披露2025Q2 季报,货币中性基础上公司营收同比下降2%至19.42 亿欧元,毛利率同比下降0.7pcts 至46.1%,经营利润为亏损9800 万欧元。从营运层面来看,截止2025 年6 月末公司库存同比增长9.7%至21.51 亿欧元,2025Q2 的表现相对较弱,公司调低2025 年营收预期为...

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