Executive

Puma to post strong recovery in Q2 sales and profit, raises FY21 outlook

2 monthes ago   |   By Fashion United

Image: Puma media gallery
According to preliminary report, Puma's currency-adjusted sales increased by approximately 96 percent to 1,589 million euros and the operating result increased to approximately 109 million euros in the second quarter 2021.
The company said that the results were driven by continued brand momentum, successful product launches with high sell-throughs and strong growth across all regions, especially in North America.
In light of the strong second-quarter growth in sales and profitability but also taking into consideration the continued uncertainties related to the...
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Björn Borg expects to report higher Q2 operating result

2 monthes ago   |   By Fashion United

Image: Björn Borg media centre
The Björn Borg Group expects to report a significantly higher result for the second quarter of the year compared to the previous year.
The company said in a release that the operating profit for the quarter has increased by 32.7 million Swedish krona to 19.3 million Swedish krona. The profit after tax increased 32.3 million Swedish krona to 13.5 million Swedish krona.
The company added that the increased operating profit is primarily a result of improved gross margins and reduced operational expenses. The net sales of the quarter amounted to 168.4 million...
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