Puma SE raised its sales and profit forecasts for the year as the company overcame supply chain hurdles in Asia to meet strong demand for sneakers and sports apparel in Europe and the Americas.
The German sports company expects currency-adjusted sales to rise by 25 percent this year, up from a previous target of at least 20 percent, it said in a statement yesterday.
Third-quarter sales topped estimates.
Puma offers the latest view into how brands are handling the roller-coaster supply situation in Asia, where the Delta strain of SARS-CoV-2 has caused factory shutdowns and labor shortages.
That has driven shipping rates
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