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Oct. 28, 2020, 3:24 a.m. EDT

Puma's profit and sales rise

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By Pietro Lombardi

Puma SE said Wednesday that its third-quarter profits and sales rose but that it can't give guidance for the year as there is still too much uncertainty.

The German sporting-goods company said quarterly net profit rose 13% on the year to 113.6 million euros ($134 million).

Sales grew 7.2% to EUR1.58 billion, slightly beating analysts' expectations of EUR1.55 billion, according to a consensus provided by FactSet.

Earnings before interest and taxes were up roughly 17% to EUR189.5 million.

"The year 2020 has been, and will continue to be, a very difficult year for the sporting goods industry due to the COVID-19 pandemic," it said.

"As the development for the coming weeks continues to be unpredictable, we cannot provide a reliable financial outlook for the full year 2020."

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