Puma SE (PUMG.DE)
21 Feb 2017
PARIS French luxury and sports brand group Kering delivered a rise in 2016 profits and sales on Friday that surpassed expectations, driven by the revival of its biggest brand, Gucci, and strong sales at fashion house Yves Saint Laurent.
* Forecast for high single digit sales growth in 2017 (Adds CEO comments from news conference)
* Puma CEO says has no indication that Kering is planning to sell stake Further company coverage: (Reporting by Frankfurt Newsroom)
BERLIN German sportswear firm Puma reported strong third-quarter profits on Thursday, due to tight cost controls, improved sourcing and higher prices, and said its full-year operating profit should come in at the top end of its expectations.
* Strong U.S. sales in last 8-10 weeks - CEO (Adds comments by CEO, share price reaction)
BERLIN, Nov 10 German sportswear firm Puma said its full-year operating profit should come in at the top end of its expectations after it posted strong third-quarter sales and earnings, helped by the Olympic success of sprinter Usain Bolt.