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Puma Posts Sales Increases In Q2 As Japan Sales Recover Quickly

Puma reported net earnings rose 10.6% and revenue rose 14.1%, and the company expects profits to rise by a mid single-digit percentage for the year. In currency-adjusted figures, footwear rose 16% to $507M, apparel was up 10.7% to $323M and accessories increased to $139M. Puma's running business grew significantly, boosted by the Puma Faas shoe. Latin American and Asian sales both posted a strong double-digit rise. Asia/Pacific sales were up 20.1% to $227M, as sales in Japan have recovered much faster than anticipated (Puma).

SBJ Morning Buzzcast: April 26, 2024

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