Puma Still Stalking Market Share with Big Gains in Q3
The Big Cat easily exceeded its forecast with net income of €77.5 million ($90.1 mm), up 25% from €622.1 million in the quarter ended Sep. 30 as sales rose 11% to €1,241.7 million ($1,443.8 mm) from €1,121.8 million that would have been up 14% currency neutral. The quarter saw a strong acceleration in apparel growth and solid growth in EMEA that was topped by double-digit growth in both the Americas and Asia/Pacific. While it continues to fret about the global trade environment and uncertain business climate, it could not ignore its nine month numbers and prospects. Guidance for the year ... Log in to view full article.