Puma maintains FY outlook as Q3 gross margin improves

Citing a significantly improved aged inventory issue in Greater China but also ongoing weakness in the U.S. market, Puma reported a second consecutive period of 6 percent currency-adjusted growth to €2.31 billion in the third quarter. Wholesale revenues rose by 3.1 percent currency-adjusted to €1.79 billion, and direct-to-consumer sales increased ...