{"id":68083,"date":"2023-10-24T17:43:28","date_gmt":"2023-10-24T17:43:28","guid":{"rendered":"https:\/\/newcelebworld.com\/?p=68083"},"modified":"2023-10-24T17:43:28","modified_gmt":"2023-10-24T17:43:28","slug":"puma-reports-increased-sales-of-e2-31-billion-eur-in-q3-2023","status":"publish","type":"post","link":"https:\/\/newcelebworld.com\/entertainment\/puma-reports-increased-sales-of-e2-31-billion-eur-in-q3-2023\/","title":{"rendered":"PUMA Reports Increased Sales of \u20ac2.31 Billion EUR in Q3 2023"},"content":{"rendered":"<p>German sportswear brand <span><brand-ticker :stock='{\"latestPrice\":54.02,\"companyName\":\"PUMA SE\",\"changePercent\":0.06296735,\"change\":3.2000008}' 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avatar='https:\/\/i0.wp.com\/s3.store.hypebeast.com\/media\/wiki\/fixtures\/brand\/PUMA.jpeg\">PUMA<\/brand-ticker><\/span> has released its third-quarter financial report, revealing a 6% increase in its sales on a year-to-year basis. The company raked in \u20ac2.31 billion EUR in currency-adjusted terms in the three month period, landing just ahead of market expectations.<\/p>\n<p>In tandem with the results, PUMA&#8217;s chief executive officer Arne Freundt said that \u201cwhile the market continues to experience significant macroeconomic headwinds and 2023 remains a transition year, we outgrew the market.\u201d He also noted that the company \u201conce again demonstrated our sustained brand momentum and gained market share.\u201d<\/p>\n<p>In the third quarter, PUMA reported its highest sales in Europe, the Middle East and Africa (EMEA), hitting \u20ac1.02 billion EUR in the aforementioned regions with a 9.9% growth rate. PUMA also saw growth in the Asia Pacific region, where revenues climbed to 4.6%, in currency adjusted terms, to reach \u20ac435.9 million EUR.<\/p>\n<p>Meanwhile, in the Americas, the brand saw a 2.5% increase in revenues to \u20ac854.6 million EUR, with currencies adjusted. However, in reported euro figures, PUMA saw an 8.3% drop in sales in the Americas due to macroeconomic headwinds.<\/p>\n<p>Across categories, PUMA reported an 11.3% increase in footwear to \u20ac1.22 billion EUR, while its apparel division fell by 0.5% to \u20ac794.6 million EUR and its accessories sales declined by 4.2% to \u20ac301.6 million EUR. Further, the company&#8217;s operating profits dropped by 8.3% to \u20ac236.3 million EUR.<\/p>\n<p>Notably, PUMA earned a 10.6% increase in currency adjusted terms over the first nine months of 2023. In the same period, the company charted \u20ac6.62 billion EUR in revenues.<\/p>\n<p>See PUMA&#8217;s full Q3 2023 financial report here.<\/p>\n<p>Elsewhere, Bernard Arnault secured control of LVMH for the next 30 years.<br \/>\nSource: <a href=\"https:\/\/hypebeast.com\/2023\/10\/puma-q3-2023-finanicial-report-increased-sales\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German sportswear brand<\/p>\n","protected":false},"author":2,"featured_media":68082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PUMA Reports Increased Sales of \u20ac2.31 Billion EUR in Q3 2023 - Newcelebworld.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newcelebworld.com\/entertainment\/puma-reports-increased-sales-of-e2-31-billion-eur-in-q3-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PUMA Reports Increased Sales of \u20ac2.31 Billion EUR in Q3 2023 - 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