Puma’s operating profit of €236 million in the third quarter beat the €228.8 million average analyst projection.
Third-quarter operating profit of €236 million exceeded the €228.8 million average analyst estimate, according to a statement Tuesday. The company confirmed its earnings forecast for the full year.Chief executive officer Arne Freundt is relying on momentum in Europe — especially eastern Europe — along with Latin America and increased demand in China to counteract shrinking sales in the US, the world’s largest sports market.
While Puma’s third-quarter sales came in slightly higher than estimates, the company was quick to highlight the “challenging geopolitical and macroeconomic environment”.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: