Puma lagging behind inflation with its price increases - CEO
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/19/2026
- S&P 500, Nasdaq climb as AI-linked stocks recover ahead of earnings
- U.S. economy is "booming," JPMorgan’s Dimon says
- Musk pledges one share of SpaceX to every U.S. child
- Oil slips from five-month highs with Hormuz crossings, Russian sanctions waiver in focus
- Prepare to buy the dip as U.S. stock selloff nears its end: Morgan Stanley
Tweet
Share
E-mail
FILE PHOTO: The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo
BERLIN (Reuters) - Puma is lagging somewhat behind inflation with its price increases, said the German sportswear maker's chief executive, with prices being raised on a local, not global, basis.
Bjorn Gulden added that Puma expected to be in the black in the fourth quarter this year, after the company reported that third-quarter earnings before interest and taxes (EBIT) were up 12.6% on the year.
(Reporting by Alexander Huebner, Writing by Miranda Murray, Editing by Rachel More)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Top Fintech and Crypto Stocks: Moness Crespi Hardt’s Picks
- Global-E Online gains as Morgan Stanley sees persistent growth durability
- VF Corp. (VFC) PT Raised to $17 at UBS on 'Solid' Q2 Revenue Trends
Create E-mail Alert Related Categories
ReutersRelated Entities
Raising Prices, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
