Puma’s sales grew 8.3 percent in the third quarter and expanded 3.9 percent on a currency-neutral basis, according to the quarterly report of its parent, Kering.
Sales reached €918.2 million, up from €847.8 million in the year-ago period. Besides the flagship brand, the Puma segment for Kering includes revenues from the Cobra golf business.
In a statement, Kering said Puma’s results were “again lifted by positive sales trends in the Footwear segment in particular. Over the first nine months of the year, Puma recorded revenue growth of more than 5 percent on a comparable basis, and the implementation of its relaunch initiatives has remained on track.”
Overall, revenues at Kering’s Sport & Lifestyle Activities segment including the Puma segment as well as Volcom and Electric grew 8.4 percent in the quarter to €999.6 million and grew 3.4 percent on a currency-neutral (c-n) basis.
Volcom and Electric’s sales grew 9.6 percent to €81.4 million but slid 2.4 percent on a currency-neutral basis.
Kering, which also owns a luxury segment including brands such as Gucci, Bottega Veneta and Yves Saint Laurent, owns about 86 percent of Puma, having acquired control in 2007.
Puma is scheduled to post full Q3 results on Nov. 6.
