Puma hikes sales outlook despite supply challenges

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Third-quarter sales rose a currency-adjusted 20.4% to 1.9 billion euros ($2.21 billion), while operating profit jumped to 229 million euros, both well ahead of average analyst forecasts.

Puma said it now expects full-year currency-adjusted sales to rise at least 25%, up from a previous outlook for at least 20%, while it now sees operating profit between 450 million and 500 million euros, compared to a previous 400-500 million.

($1 = 0.8593 euros)