تصویر :fashionnetwork.com
bonyadi magazine
puma's revenue continues to decline as the company remains in the red
The corporate restructuring, combined with weaker demand linked to the Middle East conflict, weighed on German sportswear business Puma’s second-quarter revenue
Revenue fell by nearly 10% to just under €1.7 billion, the company said on Friday in Herzogenaurach. The wholesale business in the Americas and Europe was particularly weak. Puma is currently curbing sell-in to this channel, especially in North America and Europe
Puma remains in the red. The adjusted loss before interest and taxes (EBIT) widened to €41.9 million, from €24.5 million in the previous year. Overall, the net loss narrowed by just over 70% to €72.8 million due to significantly lower one-off costs
The company confirmed its guidance and continues to expect a decline in revenue and an operating loss
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