PARIS — Puma SE on Wednesday raised its full-year guidance for the third time this year, citing a strong increase in third-quarter sales and profitability, as well as the positive business outlook for the fourth quarter of 2017.The German sportswear company, which is controlled by French group Kering, said it now expects sales to grow between 14 percent and 16 percent, adjusted for currencies, up from its previous target of 12 percent to 14 percent.It also raised its target for operating result for the year to between 235 million euros and 245 million euros, compared to a previous range of between 205 million euros and 215 million euros. Net earnings are expected to improve significantly in 2017, the company reiterated.The Herzogenaurach, Germany-based firm, in an unscheduled statement, said preliminary consolidated sales in the three months ended Sept. 30 rose 17 percent to 1.12 billion euros, adjusted for currencies.Operating profits in the quarter spiked to approximately 101 million euros, versus 60 million euros in the equivalent year-ago period.The company’s third-quarter results will be published on Oct. 24. More About Puma on WWD.com: Maier Re-creates Sneaker for Puma Puma’s Net Earnings Surge in Q2 After 16% Revenue Growth Puma Collaborates With The Kooples
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.