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Article Date: July 2020
Word Count: 724

Puma Posts Big Q2 Loss, Sees Recovery in 2021

The Big Cat recorded a €95.6 million ($105.3 mm) net loss in the second quarter against a €49.7 million profit last year on 32% lower revenues of €831.1 million ($915.3 mm) down from €1,226.8 million in a period where it estimated that 85% of its stores were closed at some point. The quarter started with a 55% top line decline in April, followed by a 38% drop in May, but by June the business had almost recovered with just a 6% shortfall against last year. July was described as flattish, and about 91% of owned retail stores have now reopened, ... Log in to view full article.


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