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Article Date: July 2021
Word Count: 202

Puma Comes Back in Q2, Raises FY Guidance


The Big Cat’s second quarter revenues increased by 96% to €1,589 million ($1,914 mm) from last year’s €831 million and were up by 30% from Q2, 2019’s €1,227 million. In a pre-announcement ahead of its scheduled results reporting on July 29, Puma said it expects EBIT to come in at about €109 million ($131 mm) against last years operating loss of €115 million. Continued brand momentum was boosted by successful product launches during the quarter, and all regions benefitted from strong sell-though and contributed to the growth. North America in particular was called out for a solid performance.

 

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