Dr. Usain St. Leo Bolt has undoubtedly delivered as the King of Sprints, and for that the entire Puma organization is proud. Through his astute and enormous victories, Dr. Bolt and his fellow Jamaican team-mates have actively influenced the increased sales of the company’s merchandise. However, it was not enough to increase profit margins. Oh Oh!
Puma’s net earnings which dropped significantly compared to the previous year from 230.1 million to 70.2 million relate significantly to one off expenses of 177.5 million, the company explained.
It would be sad if such a trend should persists. However, many thanks to Puma for investing in our athletes’ development.