MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
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.