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Puma Raises 2021 Outlook, Prompted by Strong Q2

Puma's first quarter earnings beat expectations.
Puma store. Shutterstock. (Shutterstock)
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German sportswear company Puma raised its 2021 sales outlook on Friday, boosted by strong second quarter demand, especially in North America.

Puma said it now expects 2021 currency-adjusted sales to rise by at least 20 percent, up from its previous forecast of mid-teens sales growth for the year.

It also specified full-year operating profit guidance, now expecting earnings before interest and taxes (EBIT) between €400 and 500 million ($472-590 million).

Second quarter currency-adjusted sales nearly doubled to €1.589 billion and EBIT swung to a profit of around €109 million, Puma said.

By Riham Alkousaa; Editor: Maria Sheahan

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