![Puma lagging behind inflation with its price increases - CEO](https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9P09Q_L.jpg)
© Reuters. 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.
Be the first to comment