{"id":1919382,"date":"2023-04-26T07:27:03","date_gmt":"2023-04-26T11:27:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/puma-expects-q2-sales-growth-below-full-year-target-after-q1-beat\/"},"modified":"2023-04-26T07:28:08","modified_gmt":"2023-04-26T11:28:08","slug":"puma-expects-q2-sales-growth-below-full-year-target-after-q1-beat","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/puma-expects-q2-sales-growth-below-full-year-target-after-q1-beat\/","title":{"rendered":"Puma expects Q2 sales growth below full-year target after Q1 beat"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpuma-expects-q2-sales-growth-below-full-year-target-after-q1-beat%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1919382&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>Get ready for some exciting news from Puma! The German sportswear maker has just announced that it beat first-quarter revenue expectations, thanks to strong growth globally, including in Greater China. However, due to high inventory levels and persistently high inflation, Puma expects second-quarter sales to grow at a low- to mid-single-digit percentage rate, which is below its full-year target. <\/p>\n<p>Don&#8217;t worry though, Puma is taking action to address the inventory issue and expects to normalize its inventory levels by mid-year. The company is also focusing on qualitative growth instead of relying on off-price channels that sell goods in large volumes at discounted prices. <\/p>\n<p>While the return in demand in China is not yet as strong as in the U.S. and Europe after the easing of COVID-19 curbs, Puma is confident in China for the long term. In fact, analysts at Credit Suisse noted that Puma&#8217;s share gain in the region is accelerating, outperforming rivals such as Adidas and Nike. <\/p>\n<p>Overall, Puma confirmed its full-year outlook for currency adjusted revenue growth in high single digits, and an operating profit of between 590 million and 670 million euros. Stay tuned for more updates from Puma!<\/p>\n<p>($1=0.9103 euros)<\/p>\n<p> (Reporting by Linda Pasquini and Elizaveta Gladun in Gdansk; Additional reporting by Alexander Huebner in Munich; Editing by Milla Nissi and Clarence Fernandez)<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>with Mark Geist<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>with Dr. Dave Brat<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>with Jobob<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>with Eric Scheiner<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Exciting news from the tech world! Terra Quantum, a quantum computer hardware and software startup based in Germany and Switzerland, is making waves with its innovative technology. Stay tuned for more updates!<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Japanese Prime Minister Fumio Kishida has announced that the country supports the development of industrial uses of generative artificial intelligence. This is a major step forward for the AI industry in Japan and beyond.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Netflix is investing $2.5 billion in South Korea over the next four years, signaling its commitment to the region and its growing entertainment industry. We can&#8217;t wait to see what new content comes out of this partnership!<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>China&#8217;s financial hub of Shanghai is promoting investments in specialized technology, including chip design, circuitry, and artificial intelligence. This is a great opportunity for tech companies looking to expand their operations in China.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Linda Pasquini and Elizaveta Gladun (Reuters) -German sportswear maker Puma said on Wednesday it expected second-quarter sales to grow at a low- to mid-single-digit percentage rate, below its full-year target, due to high inventory levels as persistently high inflation blunts demand. However, the firm beat first-quarter revenue expectations, saying strong growth globally, including Greater<\/p>\n","protected":false},"author":66,"featured_media":1919384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5186,6801,25188,10597,25189,5219,4650],"class_list":["post-1919382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-beat","tag-expects","tag-full-year","tag-growth","tag-puma","tag-sales","tag-target"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1919382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1919382"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1919382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1919384"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1919382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1919382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1919382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}