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Article Date: August 2006
Word Count: 1629

PUMA’S Q2 NET DECLINES ON HEAVY BRAND INVESTMENTS.


Net income of €50.1 million ($64.2 mm) this year fell15% from the year ago’s €58.9 million for the second quarter ended Jun. 30 butwere above Puma’s earlier guidance for the quarter. Sales for the period rose38% to €546.6 million ($700.3 mm) from €395.5 million and brand sales rose 17%to €620 million. By category, footwear sales rose 24% to €328 million, apparelsales rose 82% to €182 million and accessories sales rose 23% to €37 million.Puma also noted that soccer sales rose 40%. Order backlog remained strong witha 32% increase to €1,020 million and Puma confirmed earlier guidance for asales increase of ... Log in to view full article.

 


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