Puma raises 2021 outlook, prompted by strong second quarter
2:18 am Friday, July 16th, 2021
BERLIN (Reuters) – German sportswear company Puma raised its 2021 sales outlook on Friday, boosted by strong second quarter demand, especially in North America.
Puma said it now expects 2021 currency-adjusted sales to rise by at least 20%, up from its previous forecast of mid-teens sales growth for the year.
It also specified full-year operating profit guidance, now expecting earnings before interest and taxes (EBIT) between 400 and 500 million euros ($472-590 million).
Second quarter currency-adjusted sales nearly doubled to 1.589 billion euros and EBIT swung to a profit of around 109 million euros, Puma said.
($1 = 0.8472 euros)
(Reporting by Riham Alkousaa; Editing by Maria Sheahan)
