Puma’s sales during the second quarter rose 6.3% to 577 million euros ($905.3 million) from 542.8 million ($852 million), and rose 11.2% on a currency-neutral basis, according to the quarterly report of its parent, PPR SA. In a statement, PPR said Puma’s business in North America “improved compared to” Q108, but noted that the region remain marked by a “little bearer” economic conditions than other regions. Overall sales in the Americas region saw double-digit growth. The Asia-Pacific region showed double-digit growth, boosted by good performance in all categories. The Europe, Middle East, and Africa region saw a “solid increase” against high year-ago comparisons.
The French-based luxury and retail conglomerate also noted that it increased its stake in Puma to 68% after reporting in April that it owned 64%. Puma is expected to report its full results on August 7.
