Sunday, February 17, 2019

Puma raises predictions after Q1 results


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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