Article: PUMA SALES SURGE, BODYWEAR LAUNCH PLANNED.(Puma North America appoints United Legwear & Bodywear as distributor)

NEW YORK -- Bolstered by strong first-quarter sales, Germany's Puma AG increased its full-year profit guidance by 30 percent, up from an initial projection in February for 10 percent growth.

The sports shoe and apparel firm said sales jumped 29.3 percent in the first quarter to $523.7 million, or 443.8 million euros, versus $405 million, or 343.2 million euros, in the year-earlier period. Earnings before interest and taxes soared 62 percent to $138.1 million, or 117 million euros. Net earnings grew 64.6 percent to $94.9 million, or 80.4 million euros. Dollar figures are at current exchange rates.

Puma said sales were strong in all geographical regions, ...

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