Falling footwear orders prompts guidance review at Puma
German sports brand Puma AG’s first quarter sales grew 7.4% on a currency neutral basis (2% in euro terms) to €655.8 million ($889.6 million). Footwear sales were up 9% to €413.5 million, apparel by 4.8% to €200.7 million and accessories by 4.7% to €41.7 million.
Sales in the EMEA region increased by 8% reaching €360.9 million versus €339.3 million last year. Sales in the