Puma prices rise, but inflation is still behind it

© Stocksak. FILEPHOTO: A logo for German sports goods manufacturer Puma can been seen at the entrance of a store in Vienna, Austria, on March 18, 2016. REUTERS/Leonhard Foeger/File Photo

BERLIN (Stocksak). – Puma is slightly behind inflation with its price rises, according to the German sportswear maker’s chief executives. The prices are being raised on a regional basis and not globally.

Bjorn Gulden stated that Puma expects to be in the black by the fourth quarter of this year. This is after the company reported third-quarter earnings before taxes (EBIT), which were 12.6% higher than the previous year.

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