Longsys Raises $903 Million in Hong Kong IPO as Shares Debut Flat 
NBA Returns to China with Alibaba Partnership and Historic Macau Games 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
FIFA Suspends Balogun Ban, Clears U.S. Striker for Belgium World Cup Clash 
Blackstone Eyes $2 Billion ZO Skin Health Sale 
Kioxia Rules Out SK Hynix Manufacturing Partnership 
Trump Plans New Executive Order to Address Rising NIL Costs in College Sports 
Mexico President Claudia Sheinbaum Reconsiders Early School Closure Plan Ahead of 2026 World Cup 
UK Economy Grows 0.4% in July, Beating Forecasts 
Volkswagen Job Cuts Put Lower Saxony Leader Under Political Pressure 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
OpenAI Agents Linked to RubyGems Cyberattack 
Republican Lawmakers Urge National Guard Role for World Cup Drone Security 
White House Weighs Refined Copper Tariffs as Cost Concerns Grow 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Add as a preferred source on Google
Puma registered the highest quarterly sales in its history in the third quarter of fiscal 2022 at €2,354.4 million, up by 16.9 percent.
The Americas region posted the highest sales growth for the German sportswear giant at 18.8 percent. Sales in EMEA were up 18.5 percent, driven by growth across almost all key European markets.
For the first time this year, Asia/Pacific also recorded a sales growth, which is at 9.8 percent.
While COVID-19 lockdown measures impacted business in Greater China, other key markets in Asia/Pacific delivered strong growth.
Sales in footwear increased 33.2 percent and apparel was up 9.9 percent, driven by continued strong demand for performance categories like Running & Training, Team Sports Basketball, and Sportstyle.
Meanwhile, sales in accessories were down 10.2 percent.
The gross profit margin dropped by 60 basis points to 46.8 percent, mainly due to higher sourcing prices of raw materials.
