Puma’s Q3 sales steady as Americas market grows 11.4%
Puma has released its Q3 performance data, showing a 0.1% YoY decline in sales to 2.31 billion euros ($2.45 billion). However, after accounting for currency effects, sales grew by 5%. Over the past nine months, Puma achieved a 2.6% increase on a constant currency basis. Between July and September, sales in the Americas grew by 11.4%, driven primarily by the US and Latin America. In Europe, sales grew by 0.8%, while the Asia-Pacific region saw a 3% increase. The company reported a 9.3% growth in footwear sales, driven by the performance category, which is Puma’s largest segment. Puma confirmed its full-year guidance, maintaining its expectation for mid-single-digit growth for the group.