#安踏李宁回应收购彪马#【#安踏回应收购彪马#：不予置评；#李宁回应收购彪马传闻#：未就交易进行 实质谈判】近日有市场消息称，皮诺家族正考虑为德国运动品牌彪马（Puma）探索包括出售在内的战 略选项。皮诺家族正在与顾问合作，并与包括安踏和李宁在内的潜在买家接洽，他们还试探了美国其他 运动服装公司以及中东主权财富基金的意向。 对此，安踏向蓝鲸新闻回应称：我们不对市场传闻发表评论。李宁回应称，李宁公司坚持"单品牌、多 品类、多渠道"的核心发展战略，目前仍会专注于李宁品牌的成长与发展。截至目前，公司未就上述传 闻所提及的交易进行任何实质性谈判或评估。一切重大信息请以本公司官方公告为准。（蓝鲸新闻） 视期预订将卜降全少10%。 受运动健身装备需求被软影响及对美国天祝影 晌的担忧,彪马股价年内下跌超50%。 放眼行业,长期竞对阿迪达斯、耐克等业绩有所好转,昂跑、HOKA等新 贵品牌攻势凶猛,彪马面临诸多挑战。为提振业绩,彪马加强了足球和赛 车领域的布局,任命阿迪达斯前销售主管Arthur Hoeld为新任首席执行 官。此外，其还于今年2月启动"Nextlevel"成本效率计划，并宣布在全球 范围内裁员500人，关闭部分 ...

受运动健身装备需求疲软影响及对美国关税影响的担忧，彪马股价年内下跌超50%。 近日有市场消息称，皮诺家族正考虑为德国运动品牌彪马（Puma）探索包括出售在内的战略选项。皮诺家族正在与顾问合作，并与包括安 踏和李宁在内的潜在买家接洽，他们还试探了美国其他运动服装公司以及中东主权财富基金的意向。 对此，安踏向蓝鲸新闻回应称：我们不对市场传闻发表评论。 放眼行业，长期竞对阿迪达斯、耐克等业绩有所好转，昂跑、HOKA等新贵品牌攻势凶猛，彪马面临诸多挑战。为提振业绩，彪马加强了足 球和赛车领域的布局，任命阿迪达斯前销售主管Arthur Hoeld为新任首席执行官。此外，其还在今年2月启动"Nextlevel"成本效率计划，并 宣布在全球范围内裁员500人，关闭部分无利可图的门店。 李宁回应称，李宁公司坚持"单品牌、多品类、多渠道"的核心发展战略，目前仍会专注于李宁品牌的成长与发展。截至目前，公司未就上述 传闻所提及的交易进行任何实质性谈判或评估。一切重大信息请以本公司官方公告为准。 彪马成立于1948年，其营收规模排在耐克、阿迪达斯之后，曾长期稳坐行业前三的位置。 但近两年来，彪马业绩表现疲软。其2025财年第 二季度 ...

Financial Data and Key Metrics Changes - Net sales increased by 8.5% to $1,130,000,000 compared to the previous year, driven by new store openings and a 30 basis point increase in comparable store sales [29][30] - Gross profit rose by 12.7% to $342,400,000, with gross margin improving by 110 basis points to 30.4%, exceeding expectations due to better inventory management [30] - Adjusted EBITDA increased by 31.7% to $51,900,000, with an adjusted EBITDA margin of 4.6%, up 80 basis points from the prior year [32][33] - Net loss was $23,300,000 or negative $0.24 per diluted share, compared to a net loss of $1,000,000 or negative $0.01 per diluted share last year [31] Business Line Data and Key Metrics Changes - The company opened 11 new stores and closed one, ending the quarter with 543 stores across 16 states, on track to meet the annual target of 33 to 35 new stores [29][30] - Comparable store sales growth was driven by a 2.3% increase in the number of transactions, partially offset by a 2% decrease in average transaction size [29] Market Data and Key Metrics Changes - The company is moderating its outlook for annual comparable store sales growth due to current business trends and macroeconomic uncertainties [21][28] - The first quarter was impacted by the shift of the Easter holiday into the second quarter, affecting sales performance [29] Company Strategy and Development Direction - The company is focusing on four strategic imperatives: improving new store performance, securing top talent, addressing execution gaps, and enhancing the ability to execute at scale [9][10] - Plans include piloting a new commercial execution playbook and clustering stores in new markets to optimize returns on invested capital [10][11] - The company aims to strengthen relationships with independent operators and suppliers to enhance the overall business model [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term addressable market and the potential for improved costs and margins with focused execution [8][22] - The company is committed to enhancing the in-store experience and driving customer loyalty through better execution and value delivery [22][24] - Management acknowledged the need to balance margin maintenance with market share defense in the current environment [94] Other Important Information - The company incurred $33,900,000 in restructuring charges during the first quarter, which includes lease termination costs and other related expenses [31] - The effective tax rate for the quarter was 19.7%, a significant decrease from 60% in the same quarter last year [33] Q&A Session Summary Question: Strategy and Growth Level - Management emphasized the importance of execution and building a loved brand, focusing on capabilities to enhance customer experience and drive loyalty [41][42] Question: Second Quarter Guidance and Comp Trajectory - Management discussed ongoing commercial and execution activities aimed at improving sales, despite a softer basket size and macroeconomic uncertainties [44][47] Question: Real-Time Order Guide Impact - Initial feedback on the real-time order guide has been positive, with improved fill rates expected to enhance sales over time [51][52] Question: Gross Margin Performance - Improved shrinkage and better inventory management contributed to better-than-expected gross margin performance, with expectations for sustainability throughout the year [54][56] Question: Opportunistic Sourcing Trends - Strong supplier relationships continue to provide opportunities for opportunistic sourcing, with a focus on enhancing visibility and execution [60][61] Question: KVI and Field Organization - Management is focused on tightening key value indicators and considering potential investments in field organization support to enhance store performance [63][66] Question: Basket Size Insights - The decrease in basket size is attributed to fewer items per basket, with ongoing efforts to improve inventory fulfillment and customer experience [69][72] Question: April Trends and Consumer Behavior - April showed some softness in sales, with management noting uncertainty in consumer behavior but no evidence of significant trading down [76][90] Question: Restructuring Plan and Guidance Impact - Restructuring costs are expected to remain within the original range, with no significant impact on profitability guidance for the year [91][92] Question: United Grocery Outlet Integration - Sales growth at United Grocery Outlet is in line with expectations, with integration plans set for late 2026 [99]