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Sports & footwear companies FY23: Mixed bag of success & struggle

Puma SE (ETR: PUM)

A German multinational corporation that designs and manufactures athletic and casual footwear, apparel, and accessories, with headquarters in Herzogenaurach, Bavaria (Germany), Puma is the third-largest sportswear manufacturer in the world. The company’s January ** announcement of full-year **** preliminary results included sales of €*.* billion, delivering a currency-adjusted growth of around *.* per cent and *.* per cent as reported, which fully aligned with the outlook of high single-digit currency-adjusted growth.