Puma lagging behind inflation with its price increases

Stock market today: Dow ends higher as tech continues to shine; Inflation eyed

Puma lagging behind inflation with its price increases - CEO

Stock Markets Oct 26, 2022 04:27AM ET

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Puma lagging behind inflation with its price increases - CEO

BERLIN (Reuters) - Puma is lagging somewhat behind inflation with its price increases, said the German sportswear maker's chief executive, with prices being raised on a local, not global, basis.

Bjorn Gulden added that Puma expected to be in the black in the fourth quarter this year, after the company reported that third-quarter earnings before interest and taxes (EBIT) were up 12.6% on the year.

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