PUMA Beats Q1 Market Expectations, Despite Reporting Decrease in Sales

PUMA released its Q1 2024 financial report on Wednesday, revealing that it had surpassed market expectations, despite recording a fall in sales in the three-month period ending March 31.The German sportswear brand reported revenues of €2.1 billion EUR, beating analysts' estimates of €2.09 billion EUR with a 3.9% decrease from the same figures in 2023. In currency-adjusted terms, sales were up 0.5%."While the market continues to be volatile, we delivered growth and gross profit margin improve...