Puma Sees Profit Headwinds Continuing
Wall Street Journal
Puma confirmed its outlook for the year, but warned of continued drags on profitability after its first quarter underlying earnings fell to €176 million, and said sales growth should slow in the second quarter before picking up in the second half of the year.
https://www.wsj.com/articles/puma-backs-2023-views-despite-margin-squeeze-in-1q-and-ahead-4580914a