Puma posts highest quarterly sales in Q3

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.