Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Puma posts Q3 sales growth

German sportswear brand Puma posted positive sales growth for its third quarter aided by a rise in demand for accessories and strong sales in the Asia/Pacific region.

Overall revenues for the three months ended September 30 rose by 10.2% with adjusted currency rates to 841.6m (£732.6m) compared to 784.3m (£682.8m) in the comparative period. Much of the growth was driven by the Asia/Pacific region which saw sales grow by 16.4%. In Europe, the Middle East and Africa sales increased by 9.5% to 410.6m (£357.4m).

Third-quarter net profits were flat year-on-year at 81.7m (£71.1m) and operating profitimproved to €118.6m (£103.2m) from €116.6m (£101.5m) in the year before.

Overall accessories saw the largest growth shooting up by 13.9% to 115.8m (£100.8m). Apparel sales also saw strong growth up 13.8% to 294.7m (£256.6m). Footwear grew by 7% to 431.1m (£375.4m).

Its third quarter gross profit margin was 50%.

Puma posted a very solid sales performance for the fifth consecutive quarter,” said Franz Koch, chief executive officer of Puma SE. “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 €3bn (£2.6bn) for the full year, and despite continuing cost pressures we maintain our forecast of an improvement in net earnings in mid single-digits.“

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.