Gametime Closes On $13.3M VC Funding Tribune Media Bullish On MLB Ratings Morgan Stanley Offers Loans To NFL Draftees CBS Quarterly Profits Up, But Revenue Down Puma's Profits Fall 30% In Q1 Disney's Q2 Income Up Despite ESPN Costs Adidas' Net Profits Rise In Q1 Stats LLC Acquires U.K.-Based Prozone Aussie Social Media Company Buys Into BigTeams Callaway Profits Beat Q1 Expectations
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PUMA PUMPS UP SALES FIGURES, BUT WARNS OF SLOWED GROWTH
Published February 3, 1998
Puma saw sales last year climb almost 12% to "about" $299M, according to the FINANCIAL TIMES. However, it warned yesterday that growth this year and next would be slowed by the Asian financial crisis. The company also said that "apart from the planned product and marketing offensive and the rise in costs this will cause, Puma expects a fall in licensing revenues" (FINANCIAL TIMES, 2/3).