Puma : Better Q2, raising FY top-line guidance highly likely
>Double-digit growth and gaining share in performance categories - In Q2, Puma sales was up 11% y-o-y ex FX and thus 5% above the consensus with all regions doing better than anticipated. EMEA (+25%) and Asia (+24%) were strong while Americas (-4%) was weaker due to North America. The decline in North America was related to macro headwinds and Puma’s high exposure to off-price. However, Puma continued to grow its performance categories and DTC business in North Ameri...Puma and its subsidiaries are engaged in the development and sale of a broad range of sports and sports lifestyle products, including footwear, apparel and accessories. Product management, design, development and category-specific marketing have been combined under six separate Business Units. The Business Units Teamsport, Running, Training & Fitness, and Golf represent Co.'s performance business, while Lifestyle and Motorsports, Fundamentals as well as Accessories & Licensing constitute the lifestyle business.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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