Puma Reports Q3 Sales Increase on Rising Running and Soccer Shoes Demand

The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)
The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)
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Puma Reports Q3 Sales Increase on Rising Running and Soccer Shoes Demand

The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)
The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)

German sportswear maker Puma on Wednesday reported a 5% rise in currency-adjusted sales for the third quarter as it sold more running and soccer shoes.

Quarterly currency-adjusted sales rose to 2.31 billion euros ($2.48 billion), broadly stable from a year earlier but short of the 2.36 billion euros expected by analysts, according to LSEG data, as negative effects from foreign exchange rates continued to weigh on the business.

Footwear sales were up 9.3%.

Demand for the recently relaunched Formula 1-inspired "Speedcat" shoe was strong, CEO Arne Freundt said in a statement.

The company confirmed its full-year outlook for currency adjusted revenue in mid single-digit percentage, and core profit (EBIT) of between 620 million to 670 million euros, citing a strong order book for the remainder of the year.



Christian Dior ‘Designer of Dreams’ Exhibition Opens in Riyadh

Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA
Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA
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Christian Dior ‘Designer of Dreams’ Exhibition Opens in Riyadh

Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA
Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors. SPA

The "Christian Dior: Designer of Dreams" exhibition was officially inaugurated by Faisal Bafarat, CEO of the General Entertainment Authority, at the Saudi National Museum, as part of the Riyadh Season festivities.
Running from November 21 to April 2, the exhibition invites visitors on an artistic journey through the exceptional creativity of Dior's creative directors, showcasing iconic designs from 1947 to the present day.
A standout feature of the exhibition is a section inspired by the AlUla oasis, a historical treasure in the Madinah region. The section captures the natural beauty of the desert with designs that reflect the sun's golden rays over the dunes, seamlessly blending heritage with contemporary sophistication. Visitors can also enjoy the event's "Dior Café," adding elegance to the experience.
The exhibition presents a rare opportunity for fashion and art enthusiasts to explore the rich history of one of the world's most celebrated fashion houses.