(Reuters) – German sportswear maker Puma on Wednesday narrowed down its outlook for full-year core profit, citing expected higher freight costs and continued muted consumer sentiment, especially in China.
It now expects operating profit (EBIT) to come in a range between 620 million and 670 million euros ($676-$731 million)compared to between 620 million to 700 million euros previously.
It confirmed its full-year outlook for currency adjusted revenue in mid single-digit percentage.
($1 = 0.9168 euros)
(Reporting by Linda Pasquini and Isabel Demetz; editing by David Evans)
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