Bumper sales in Puma’s first quarter results have led the retailer to raise its expectations for the full year.
2017’s first quarter saw a 15 per cent rise in currency adjusted sales and an 18 per cent rise in reported sales to £852.27 million, up from £722.52 million a year prior.
Similarly, EBITDA shot up nearly 70 per cent to £59.36 million.
Puma has now lifted its expectations for the full year to a low double digit percentage sales increase, upgraded from a high single digit increase
EBITDA is now expected to come between £156 million and £170 million for the year, up from a previous estimate of around £144 million and £161 million.