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Article Date: July 2017
Word Count: 388

Puma Ups Guidance on Strong Q2 Results

Continuing its predatory ways, Puma said Q2 consolidated sales will increase by 16% currency neutral to €969 million ($1,111.7 mm) for the second period ended Jun. 30 compared to €827 million last year and operating income will jump 359% to €43 million ($49.3 mm) compared to €12 million when official results are reported Jul. 26. In light of the better than expected Q2 as well as a “positive business outlook,” the Big Cat now says sales for the FY will grow 12-14% currency neutral as opposed to a low-single-digit rate, and operating income will now reach €205-215 million ($240.9 mm) ... Log in to view full article.


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