German sportswear company Puma has today reported a strong rebound in third-quarter sales in the Americas and Europe as stores reopened after coronavirus lockdowns and online sales boomed.
The company's performance was helped by people exercising more during the pandemic.
Puma said sales rose by a currency-adjusted 13% to €1.58 billion and operating profit by 17% to €190m, beating average analyst forecasts for €1.56 billion and €174m respectively.
Sales jumped 20.7% in the Americas and 17.7% in the Europe, Middle East and Africa region, with categories such as basketball, motorsport, golf and team sports showing the highest growth rates.
However, Puma noted that consumer sentiment was turning negative again as coronavirus infections rise and said it could not provide a reliable outlook for the full year despite its optimism on medium and long-term perspectives.
Nike, the world's largest sports athletic shoe manufacturer, last month reported quarterly profit and revenue ahead of Wall Street estimates.
