Nike

  • Puma is weighed down by boycott by China.

    Puma is weighed down by boycott by China.

    Puma said on Wednesday that it expects sales to increase by at least 10% in 2022, but that profit growth will be limited due to a consumer boycott in China and cost challenges. According to Refinitiv Eikon data, Puma predicts operational earnings of $679-$792 million in 2022, up from 557 million in 2021 but below…