Puma lagging behind inflation with its price increases

Puma (PUMG.DE) 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.