Puma posts Q2 net loss as strong U.S. dollar weighs on earnings
FRANKFURT, July 24 (Reuters) - German sportswear company Puma reported a net loss for the second quarter as currency fluctuations and the strong dollar weighed on earnings.
Puma reported a net loss of 3.3 million euros for the April-June period. Analysts polled by Reuters had forecast a net profit of 920.000 euros.
Puma said it continues to expect an increase in the medium single-digit range for full-year currency-adjusted net sales.
"For the second half of 2015, we anticipate higher sales growth in Q4 than in Q3," Puma said in a statement on Friday. (Reporting by Kirsti Knolle; Editing by Edward Taylor)
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