Puma lagging behind inflation with its price increases – CEO

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FILE PHOTO: The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna

BERLIN (Reuters) – Puma is lagging somewhat behind inflation with its price increases, said the German sportswear maker’s chief executive, with prices being raised on a local, not global, basis.

Bjorn Gulden added that Puma expected to be in the black in the fourth quarter this year, after the company reported that third-quarter earnings before interest and taxes (EBIT) were up 12.6% on the year.

(Reporting by Alexander Huebner, Writing by Miranda Murray, Editing by Rachel More)

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