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Article Date: April 2022
Word Count: 920

Puma Sees Q1 Gains despite China Weakness


The Big Cat started 2022 strong, as gains in Europe and Americas more than offset troubles in Asia, resulting in an 11% increase in net income to €121.4 million ($136.4 mm) from €109.2 million, on 23% higher sales of €1,912.2 million ($2,148.5 mm) up from €1,548.8 million. Performance categories including running & training, team sports, golf and basketball, were the main sales drivers, sending footwear up 22% to €941.3 million, apparel up 20% to 638.7 million, and accessories and hardgoods up 37% to €332.2 million.

 

The Americas region outperformed, growing 53% (+44% ... Log in to view full article.

 


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