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Article Date: August 2024
Word Count: 569

Puma Narrows EBIT Guidance on Muted Consumer Sentiment


While reporting tepid results overall, The Big Cat is seeing sequential improvement and met its own guidance for the second quarter, including net income of €41.9 million ($45.5 mm), down 24% from €55.0 million a year ago, as revenues inched lower to €2,117.3 million ($2,301.4 mm) from €2,120.7 million. ForEx headwinds again weighed on the top line, which would have been up 2% constant currency. Wholesale business declined by 3% CC to €1,529.6 million, pulled down by EEMEA, but higher everywhere else. Direct-to-consumer surged 20% CC to €587.7 million, including a ... Log in to view full article.

 


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