Puma Sales, Profits Inch Up Per Forecast
Net income increased 4% to €25.8 million ($29.2 mm) from €24.8 million as sales also rose 4% to €851.9 million ($962.6 mm) from €821.4 million. The Big Cat was positive currency neutral in all categories and geographies, though the Americas was off 0.3% in reported currency to €288.1 million from €289.0 million as strength in the U.S. was more than offset by currency headwinds in South America. Elsewhere, EMEA sales rose 4% to €354.4 million from €341.6 million while Asia/Pacific rose 10% to €209.4 million from €190.8 million. By product category, Puma saw sneaker sales increase 4% to €392.0 million, ... Log in to view full article.