Wednesday, May 24, 2017

Puma raises predictions after Q1 results

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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.

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