Puma Confirms 2023 Guidance; Currency Effects Hit 3Q Earnings

Puma confirmed its 2023 guidance despite a fall in third-quarter earnings, which were dampened by currency effects.

The German sporting-goods company said on Tuesday that it made 131.7 million euros ($140.5 million) in net profit for the period, compared with EUR146.4 million a year ago, on sales that fell 1.8% to EUR2.31 billion.

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