Puma's Profits Are Drastically Down, But It's Okay!
Orly?
Puma SE recently reported their second quarter net profits are down $34.3 million, or 29.2%, which isn't that surprising since first quarter profits were already down 12.8%, but they swear they knew this would happen.
Umm. So why not prevent it!?
The company blames the tough European market, and says decreased net profits are expected. However, Puma promises they will finish the year with
Tags: adidas, klaus bauer, michael lammermann, olympics, puma, second quarter profit decrease, usain bolt
