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Puma lowers earnings guidance Wednesday, 18th July 2012

 

Puma has lowered its sales and earnings forecast for the full year in light of a slowdown in business in the first half.

The sportswear retailer said it expects net sales growth for the full-year to rise in the mid-single digits.

Puma also said it expects first-half net profit to be down around 13 per cent year-on-year.

The company is due to report its results on 26 July.


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