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Puma narrows FY core profit outlook
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Puma narrows FY core profit outlook
Aug 6, 2024 11:48 PM

(Reuters) - German sportswear maker Puma on Wednesday narrowed down its outlook for full-year core profit, citing expected higher freight costs and continued muted consumer sentiment, especially in China.

It now expects operating profit (EBIT) to come in a range between 620 million and 670 million euros ($676-$731 million)compared to between 620 million to 700 million euros previously.

It confirmed its full-year outlook for currency adjusted revenue in mid single-digit percentage.

($1 = 0.9168 euros)

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