Puma records better-than-expected sales and profit rebound

The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria

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.

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