PUMA Q3 sales improve sequentially, narrows FY EBIT loss range

PUMA reported Q3 2026 sales of EUR 1,776.2 million, down 5.0% reported and 6.3% currency-adjusted year-over-year, a sequential improvement from the 7.0% first-nine-month decline. The company posted an operating loss of EUR 11.4 million versus a EUR 16.2 million profit a year ago. Free cash flow turned positive at EUR 92.0 million. PUMA narrowed its FY 2026 EBIT range to EUR -80 million to EUR -130 million and cut its CAPEX outlook to below EUR 150 million. ANTA Sports became the largest shareholder in October.