PUMA SE said its first-quarter normalized net income amounted to €1.42 per share, compared with the S&P Capital IQ consensus estimate of €1.74 per share.
EPS declined 31.0% year over year from €2.06.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €21.2 million, a decrease of 31.0% from €30.7 million in the prior-year period.
The normalized profit margin fell to 2.6% from 4.2% in the year-earlier period.
Total revenue grew 13.2% year over year to €821.4 million from €725.7 million, and total operating expenses climbed 17.5% on an annual basis to €783.9 million from €667.1 million.
Reported net income decreased 30.3% year over year to €24.8 million, or €1.66 per share, from €35.6 million, or €2.38 per share.
