Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Puma Raises 2017 Guidance

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Puma published preliminary results for its first quarter 2017, raising its guidance for the full-year.

Puma saw a double-digit consolidated sales increase in the first quarter of 15 percent to 1,005 million euros, or $1.07 billion, compared to 852 million euros, or around $906 million, during the same period last year.

Due to these factors, Puma raised its full-year guidance for consolidated sales and operating results (EBIT) to an increase of a low double-digit percentage rate, up from an expected increase in the high single-digit range.

Puma expects operating results to reach between 185 million euros to 200 million euros, or $196 million-$212 million, up from 170 million euros to 190 million euros, or around $180 million-$201 million.

The company still plans to release a complete first quarter overview April 25.

Related Articles

More from our brands

Access exclusive content Become a Member Today!