By  on July 17, 2017

PARIS — Puma SE on Monday raised its full-year guidance, citing a strong rise in sales and profitability over the second quarter, as well as a positive business outlook for the year.

The German sportswear company that is controlled by French group Kering said it now expects sales to grow between 12 and 14 percent, adjusted for currencies, up from its previous target of low double-digit growth. The company had already outpaced expectations with growth in all of its regions earlier this year, prompting it to raise the annual sales growth target in April.

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