German sportswear retailer Puma has posted rise in sales in the first quarter of the current fiscal year. Sales for the company surged 3.7 per cent to US $ 969 million or 7.3 per cent (currency adjusted) compared with US $ 934 million last year.
Also Read – Adidas’ Q1 revenue soars
In the EMEA (Europe, the Middle East and Africa) region, Puma’s sales increased by 3.8 per cent to US $ 402.9 million dollars, up 6.6 per cent. The company reported that its sales in the Americas region remained flat at US $ 327.9 million in reported terms. Sales in the Asia-Pacific region noted 9.8 per cent increase in sales to US $ 238.1 million. China was the sturdiest performer in the period under review, followed by India. In addition to this, net earnings of Puma surged 4 per cent to US $ 29.3 million.
Commenting on the results, Bjørn Gulden, Chief Executive Officer of Puma averred, “The first quarter of 2016 developed as we expected. We saw organic growth in all segments and all regions. The development in certain currencies slowed down the reported growth in both top and bottom line. Despite the negative impact of currencies we confirm our outlook for the full year.”
Also Read – Nike posts 20% surge in Net Income
Headquartered in Bavaria (Germany), Puma designs and manufactures athletic and casual footwear, and apparels.
Bharat Tex Special Report 2026 
