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Puma raises revenue outlook, handling China woes better than Adidas

(Source: Reuters/Michaela Rehle)
German sportswear maker Puma reported stronger-than-expected second-quarter earnings on Wednesday and raised its full-year revenue outlook, coping with headwinds in China better than rival Adidas. Puma said its earnings before interest and taxes (EBIT) rose 34.4 per cent on the year to 146 million euros (US$148 million), compared with analysts’ average forecast for 128.94 million euros. It raised its full-year sales forecast to a mid-teens percentage rise in currency-adjusted terms, from at le
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