PUMA’s third-quarter sales increased 10.2 per cent to €841.6 million, driven by a 16.4 per cent growth in sales in Asia/Pacific and Latin America.
“PUMA posted a very solid sales performance for the fifth consecutive quarter,” says Franz Koch, CEO of PUMA.
”This underpins our five-year growth strategy, which is already delivering results.
“After a strong performance in the first nine months of this year, we are now approaching our sales target of €3 billion for the full year, and despite continuing cost pressures we maintain our forecast of an improvement in net earnings in mid-single digits.”
Other highlights:
• Gross profit margin remained at 50 per cent.
• Footwear sales rose seven per cent to €431.1 million, apparel went up 13.8 per cent to €294.7 million and accessories climbed 13.9 per cent to €115.8 million.
• PUMA’s running category was boosted by Usain Bolt’s performances at the World Championships in Daegu and sales of the PUMA Faas range.
• The women’s fitness category continues to grow, with strong sales of the PUMA Bodytrain range.
• EMEA posted a sales increase of 9.5 per cent to €410.6 million.
• Sales in the Americas grew by 6.7 per cent.
