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.