The Q1 20 results have been unsurprisingly impacted by the COVID-19 crisis. With over 50% of the group’s stores closed around the world at present, the group’s business will be even more affected in Q2 20. However, the group’s sales contraction was less than peers which shows its business has the greater resilience. The pandemic is increasing people’s focus on sports, especially in Asia. The outlook post-COVID-19 remains encouraging.
07 May 2020
All PUMA’s markets are expected to recover by the end of 2020
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All PUMA’s markets are expected to recover by the end of 2020
The Q1 20 results have been unsurprisingly impacted by the COVID-19 crisis. With over 50% of the group’s stores closed around the world at present, the group’s business will be even more affected in Q2 20. However, the group’s sales contraction was less than peers which shows its business has the greater resilience. The pandemic is increasing people’s focus on sports, especially in Asia. The outlook post-COVID-19 remains encouraging.