German sportswear firm Puma recorded a powerful rebound in third-quarter sales and earnings as stores reopened after coronavirus lockdowns. Consumers take up more sport during pandemic wear more casual clothes while working at home.
Puma said sales rose a currency-adjusted 13% to ($1.87 billion) 1.583 billion euros, and operating profit increased 17% to 190 million, beating average analyst forecasts for 1.56 billion and 174 million euros, respectively.
