×
66 752
Fashion Jobs
SACK OFF 5TH
Buyer, Footwear
Permanent · NEW YORK
PVH
Finance Manager - Pvh Corp
Permanent · New York
MARSHALLS
Loss Prevention Customer Service Associate 1148
Permanent · Ewing Township
MARSHALLS
Loss Prevention Detective 58
Permanent · North Brunswick Township
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · Los Angeles
TJ MAXX
Loss Prevention Detective
Permanent · Tustin
BATH & BODY WORKS
Human Resources Manager, Stores
Permanent · COLUMBUS
BATH & BODY WORKS
Regional Asset Protection Manager
Permanent · CHARLOTTE
GILDAN
Driver, Switch (jo-2783-Eng)
Permanent · CHARLESTON
FABLETICS
Principal Product Manager
Permanent ·
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Huntsville al
Permanent · HUNTSVILLE
URBN
fp Asisstant Visual Manager
Permanent · WHITE PLAINS
URBN
Free People Assistant Visual Manager
Permanent · CHARLESTON
URBN
Free People Assistant Visual Manager
Permanent · BURLINGTON
GAP
Asset Protection Service Representative - Gateway ii
Permanent · NEW YORK
OLD NAVY
Assistant General Manager - [email protected] cr
Permanent · GRAND RAPIDS
GAP
General Manager-Riverhead Tanger
Permanent · RIVERHEAD
GAP INC.
General Manager - Metroplex
Permanent · PLYMOUTH MEETING
FOOT LOCKER
Inventory Control Specialist - 1st Shift
Permanent · Camp Hill
FOOT LOCKER
Inventory Control Specialist - 2nd Shift
Permanent · Camp Hill
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, San Marcos Outlet
Permanent · San Marcos
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southpark (nc)
Permanent · Charlotte
By
Reuters API
Published
Apr 26, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Puma reports 'best ever' quarter for sales and profit, sticks to guidance

By
Reuters API
Published
Apr 26, 2019

German sportswear group Puma reported a record quarter in sales and earnings on Friday, driven by healthy demand in China and the Americas, after it reentered the basketball market.



Puma has been growing faster than its bigger German rival Adidas and market leader Nike, helped by savvy social media campaigns and partnerships with celebrities like singers Selena Gomez and Rihanna and rap mogul Jay-Z.

Nike last month reported quarterly revenue that failed to beat Wall Street estimates for the first time in more than a year, as sales fell short of expectations in its biggest market of North America, sending its shares tumbling 5 percent.

Puma’s first-quarter sales rose a currency-adjusted 15.3 percent to 1.32 billion euros ($1.47 billion), versus an analyst consensus for 1.3 billion.

Operating profit came in at 143 million euros versus a consensus forecast of 139 million.

“The first quarter of 2019 was the best quarter PUMA has ever seen,” Chief Executive Bjorn Gulden said in a statement, adding that revenue and absolute operating profit were the highest it had ever achieved.

Still, Puma held off raising its guidance for the full year, which analysts regard as conservative.

“Even if we have nine more months to go and despite a lot of uncertainty in the market, we feel comfortable that we will achieve our guidance for the full year,” Gulden said.

Puma has forecast currency-adjusted sales growth of about 10 percent and operating profit of 395-415 million euros.

Adidas has forecast currency-neutral group sales growth of 5-8 percent in 2019 as it grapples with supply issues, while Nike expects sales to grow in the low double digits.

Puma’s first-quarter sales rose a currency-adjusted 28.6 percent in Asia, and 16.3 percent in the Americas, helped by Puma’s launch of its first basketball shoe in 20 years in September.

© Thomson Reuters 2023 All rights reserved.