Strong Start for Puma on Accelerating Apparel Orders
Net earnings grew 40% to €94.4 million ($107.2 mm) from €67.4 million on a 17% sales improvement to €1,319.3 million ($1,497.5 mm) from €1,131.1 million with both the top and bottom lines all time records for any quarter at the Big Cat. With a number of new football contracts no doubt aiding,the apparel business led the increase; however, the strength was across the board as sneaker sales were up 10% and accessories sales improved 13%. The ongoing surge in Chinese sales drove the regional growth in Asia/Pacific, but Americas was also strong with a 20% increase and the uneven EMEA ... Log in to view full article.