BERLIN — Earnings and sales continued to decline at Puma in the second quarter of 2013, and while the company confirmed its full-year outlook, the sport lifestyle brand expects the second half of 2013 “to remain quite challenging for us,” chief financial officer Michael Laemmermann said Wednesday in a conference call.
Impacted by sluggish performance in several key markets and negative currency effects, net earnings fell 33 percent to 18 million euros, or $23.5 million, in the three-month period ended June 30. Currency-adjusted sales for the quarter slipped 4 percent to 692 million euros, or $903.7 million. Sales in euro terms fell by 8 percent.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"