Herzogenaurach, Germany — Sporting footwear company PUMA, saw sales rise 8% to EUR 990m in the third quarter of 2016 with growth seen across all regions.
The firm said that footwear continued to drive the strongest growth among product segments, with an improvement in sales for the ninth quarter in a row. Sales were up 12.3% and amounted to EUR 459m with success coming from the running, training and sportstyle product categories.
Over the first nine months of 2016, PUMA said that these product categories drove the 5.7% increase in footwear sales to EUR 1.2 bn.
The firm said that by the end of 2016, it expects sales will rise by a single digit percentage over 2016 and that the gross profit margin should be around 45.5% and this should generate earnings before interest and taxes of between EUR 115-125 m.