Puma Results Leap on Strong Sales in Q2
Net income soared nearly 14 times to €21.9 million ($25.5 mm) from €1.6 million during the second quarter ended Jun. 30 as sales rose a robust 17% to €968.7 million ($1,129.2 mm) from €826.5 million with double-digit gains in all regions that were led by a 20% improvement in sneaker sales to €463.0 million ($539.7 mm) from €360.2 million and a 12% gain in apparel sales to €334.8 million ($390.3 mm) from €290.1 million. Accessories sales were up just 2% to €170.9 million ($170.9 mm). The results had been pre-announced as Puma raised guidance to sales growth of 12-14% and ... Log in to view full article.