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Tiffany Montgomery
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Puma sales weak in U.S. in third quarter

Puma headquarters in Germany
Puma headquarters in Germany
By Tiffany Montgomery
November 09, 2009 5:00 AM

Footwear maker Puma said today that net income declined 23.6% to Euro 67.9 million for the third quarter. The decline included the impact of restructuring charges.

Total sales fell 5.5% to Euro 673 million. In constant currency, sales fell 6.3%.

Business in the U.S. was hit hard, with sales down 11.3% to Euro 129.5 million.

The European region reported a 3.1% decline to Euro 366.4 million.

Asia/Pacific reported an 8.3% fall in sales.

Footwear: down 13% to Euro 358.7 million

Apparel: down 5.2% to Euro 238.1 million

Accessories: up 38.5% to Euro 76.6 million.

 


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