To celebrate this momentous launch, PUMA has teamed up with boot customizer @silni.art to create a one-off pair of custom PUMA FUTURE Z football boots to be worn on pitch by Neymar Jr. against Manchester City in the semi-final of the Champions League on April 28.
The customized Spectra edition of the FUTURE Z features a FUZIONFIT+ compression band across the midfoot with Neymar Jr’s logos displayed on the medial side of each boot. Located on the lateral side are Neymar Jr’s Primal forms that can be unlocked within the Fortnite game.
Don’t miss out on the must-play Neymar Jr. Crazy Playground and Creative Hub launching April 27. Fortnite just got craZy.
2021 First Quarter Facts
- Sales increase by 25.8% currency adjusted (ca) to € 1,549 million (+19.2% reported)
- Gross profit margin improves to 48.5% (Q1 2020: 47.6%)
- Operating expenses (OPEX) increase by only 8.6%
- Operating result (EBIT) improves by 116.7% to € 154 million (Q1 2020: € 71 million)
- Net earnings improve from € 36 million in Q1 2020 to € 109 million in Q1 2021
- PUMA launches the SHE MOVES US communication platform to celebrate women
- PUMA unveils ONLY SEE GREAT brand campaign to spark optimism and self-belief
- Neymar Jr. and PUMA launch a Creativity collection, featuring the FUTURE Z 1.1 football boot as well as shorts, training accessories and off-pitch apparel
- PUMA launches new running technology NITRO
- PUMA launches new RE:GEN collection that regenerates textile industry waste into new products
- PUMA’s new multi-channel distribution center in Geiselwind, Germany starts operations
Bjørn Gulden, Chief Executive Officer of PUMA SE:
“As expected, Q1 was a very strong quarter for PUMA. Despite a lot of COVID-19 restrictions and supply chain issues due to container shortages and port congestion, we delivered a 26% sales growth in constant currency to € 1,549 million and an EBIT increase of 117% to € 154 million. We achieved double-digit growth in all regions and product divisions and continue to see strong global demand for our products, both from consumers and retailers.
Despite the uncertainty about the longevity and impact of the COVID-19 pandemic, continued capacity issues and cost increases in global freight and a tense political situation between key regions that could have a negative impact on our industry, we feel confident that 2021 will be a better year than 2020. We believe that we should achieve a full-year sales growth in the mid-teens and that we will achieve a significantly better profitability compared to last year.
2021 will unfortunately be again a year with a lot of uncertainty which will make efficient operations and accurate planning difficult. Our objective continues to be maneuvering through this difficult time as well as possible in the short term without hindering the mid-term momentum of PUMA. We will continue to invest in product and marketing, strengthen our relationships with our retail partners and do everything we can to please our consumers.
The COVID-19 pandemic will probably continue to impact our industry throughout 2021, but we feel very confident for the mid-term future of PUMA and our industry.”
First Quarter 2021
Sales increased by 25.8% (ca) to € 1,548.8 million (+19.2% reported), despite COVID-19-related lockdown measures and supply chain constraints due to port congestion especially in North America. All regions and product divisions supported this sales growth with a currency-adjusted double-digit increase. Americas was up 38.5% (ca), driven by North America, Asia/Pacific grew 28.8% (ca), led by Greater China and EMEA was up 14.0% (ca), despite lockdowns in Europe. The growth was lead by Footwear (+27.0% ca) and Apparel (+27.2% ca), based on strong demand for our Running and Training as well as Sportstyle categories. Accessories growth was at 19.4% (ca), strongly supported by golf, as well as the leg- and bodywear business.
PUMA’s Wholesale business increased by 24.3% (ca) to € 1,202.0 million, despite lockdown-related store closures in several markets and supply chain constraints in North America. The Direct to Consumer business (DTC), which includes owned and operated retail stores as well as e-commerce, increased by 31.3% (ca) to € 346.8 million, driven by strong growth in e-commerce of 74.9% (ca).
The gross profit margin in the first quarter improved by 90 basis points to 48.5% despite negative currency effects. The improvement in gross profit margin was driven by a better sell-through of our products and less promotional activity.
Operating expenses (OPEX) increased by 8.6% to € 601.1 million due to higher sales-related, warehousing and distribution costs mainly driven by a strong increase in the e-commerce business as well as higher marketing investments.
The operating result (EBIT) in the first quarter increased significantly to € 154.3 million (Q1 2020: € 71.2 million) due to strong sales growth, higher gross profit margin and continued OPEX control. This resulted in an improved EBIT margin of 10.0% in the first quarter of 2021 (Q1 2020: 5.5%).
Net earnings increased significantly from € 36.2 million to € 109.2 million and earnings per share were up from € 0.24 in the first quarter of 2020 to € 0.73 in the first quarter of 2021.
Working Capital
We were able to reduce our working capital by 6.2% from € 788.7 million last year to € 740.2 million as of March 31, 2021. Inventories increased by 8.3% from € 1,129.9 million to € 1,224.0 million. Trade receivables were up 36.5% from € 672.0 million to € 917.5 million due to strong sales growth in March. On the liabilities side, trade payables increased by 42.1% from € 742.3 million to € 1,054.9 million due to extended payment terms agreed with our suppliers.
Outlook 2021
The year 2021 started with an all-time high of COVID-19 cases globally and continued restrictions for our operations in numerous markets. At the end of April 2021, approximately 30% of the retail stores selling our products in Europe and Latin America are still closed due to lockdown measures and the remaining 70% are mostly operating with significant restrictions. With global COVID-19 cases rising again sharply, we also see new restrictions and lockdowns in other parts of the world such as India, Canada and Turkey. By consequence, we foresee a continued negative impact of the COVID-19 pandemic on our business throughout 2021. In addition, supply chain issues due to container shortages and port congestion especially in North America as well as recent political tensions in key markets are also leading to increased uncertainty in our industry.
Despite all these uncertainties, our sales grew by 25.8% (ca) and our EBIT increased by 116.7% in the first quarter of 2021, underlining the relevance and momentum of our brand even in a difficult market environment. Given a strong first quarter, we are now in a position to further specify our initial outlook of “at least moderate sales (ca) growth with upside potential” to “mid-teens sales (ca) growth” for the full year 2021. Our outlook for both the operating result and net earnings has not changed and we continue to foresee a significant improvement compared to 2020 despite the global uncertainty regarding the COVID-19 pandemic. We do not provide a detailed outlook on our gross profit margin and our OPEX-ratio as their development will mainly depend on the duration and development of the COVID-19 pandemic and the timing and negative impact of corresponding restrictions on our sales.
We will continue to manage the negative implications of the COVID-19 pandemic as well as we can in the short-term and are convinced that PUMA will emerge stronger from this crisis. Our strong and profitable growth in the first quarter, a very positive orderbook and strong product pipeline for the rest of the year and very good feedback from retail partners and consumers make us confident for the mid-term success and growth of PUMA.
“I am proud to join the PUMA family,” said Breanna Stewart. “We share a vision to grow the sport and welcome everyone - specifically women and girls - globally. The genuine investment PUMA has shown to collaborate with and activate around women, including the commitment to a signature performance shoe, is something that I hope serves to raise the expectations and standards of the generations of basketball players who follow me.”
Stewart has set a new standard throughout her career, including being the only player of any gender to win four consecutive NCAA Championships and a four-time Most Outstanding Player during her time at the University of Connecticut, being the first overall pick in the 2016 WNBA Draft, celebrating a gold medal in the 2016 Summer Olympics and capping off last year’s WNBA season with her second Championship and Finals MVP.
Beyond the court, Stewart is known for advocacy work around equality and social justice, standing up for Black Lives Matter and the LGBTQ community. She also has embraced the opportunity to lend her support and give back to the community by investing in basketball development programs and donating to great organizations like the Black Future Lab.
“We are thrilled to welcome Breanna Stewart into our PUMA family,” said Adam Petrick, Global Director of Brand and Marketing for PUMA. “She embodies what it means to be a PUMA athlete with her on-court determination to her off-court activism for equality in all forms. We are excited to work together in many ways to not only be an advocate in the community but to also help grow the sport for women everywhere.”
Stewart also will be part of PUMA’s newest women’s platform “She Moves Us,” which celebrates women who move culture and sports forward and inspire other women around the world.
In 2020, PUMA already achieved an important milestone by sourcing 100% of the core materials used in its Apparel and Accessories, such as down, viscose and cotton, from more sustainable sources. Above 97% of other materials such as leather, polyester and cardboard also came from certified sources in 2020. This means that 5 out of 10 PUMA products were made from more sustainable materials last year.
By opting for such materials, PUMA reduces the amount of water and chemicals used in the production process compared to conventional materials. As a next step, PUMA will increase the amount of recycled materials in its Apparel and Accessories products and by 2025, 75% of the polyester used in these PUMA products will be from recycled sources. As part of this commitment, we joined the “Recycled Polyester Challenge” by global nonprofit organization Textile Exchange.
“In our sustainability strategy, we focus on making the largest possible positive impact, so our customers know that by buying a PUMA product, they buy a sustainably sourced product,” said Stefan Seidel, Head of Corporate Sustainability at PUMA. “We will continue to push hard to live up to our mission statement of being ‘Forever Better’.”
After establishing its first sustainability strategy more than 20 years ago, PUMA has set up a comprehensive list of targets, the 10FOR25, which seeks to make the company as a whole and its products more sustainable. The targets include commitments on topics such as climate, human rights, biodiversity and circularity.
In 2021, PUMA also launched several collections with a specific sustainability focus. PUMA sought to rethink waste with the ReGen collection, which is made from PUMA’s own waste material and other recycled materials: leather off-cuts, cotton off-cuts, and polyester made from recycled plastic. The Exhale collection, which was made together with model and climate activist Cara Delevingne, uses recycled polyester and offsets the carbon footprint.
The products of the First Mile collection, first introduced in 2020, use sustainable yarn made from recycled plastic. Through the recycling process, First Mile also creates jobs and strengthens micro-economies in Taiwan China, Haiti, and Honduras.
With these collections, as well as other ranges made from organic, recycled or vegan materials, PUMA shows its engagement to offer products made sustainably.

To signal the company’s long-established policy of welcoming people of all sexual orientations, gender identities and expressions, the front of PUMA’s headquarters in Herzogenaurach, Germany will light up in rainbow colors during all of June. Diversity and inclusion are a core part of PUMA’s culture and the company encourages all of its employees to be their authentic self.
PUMA has also created the Forever Free Pride Collection with model and LGBTQ+ activist Cara Delevingne. This is Cara’s most personal and introspective collection, inspired by the idea that in order to exist to one’s fullest potential, we must express and show all the parts that make us unique. PUMA will donate 20% of the proceeds to the Cara Delevingne Foundation, a project of the Giving Back Fund, which supports LGBTQ+ organizations around the world.
As part of its #REFORM program, PUMA works with several LGBTQ+ charities. These partnerships include the Trevor Project, which focuses on mental health crisis and suicide prevention for LGBTQ+ youth, UK-based charity Football v. Homophobia and BAGLY, the oldest youth-led LGBTQ+ charity in the United States, just to name a few.
In Germany, PUMA will make its headquarters available to record DJ sets, which will be streamed for virtual Pride events in Nuremberg and Erlangen in cooperation with CSD Nuremberg.
Only See Great’ inspires the next generation to achieve greatness on and off the pitch, to believe in themselves and pursue their dreams. As part of the platform, Neymar Jr. and PUMA hosted a memorable day for the children of Centro da Coroa FC – a local football club located in Neymar Jr’s home state of São Paolo. As a child Neymar Jr. met his heroes, who inspired him to achieve greatness, now Neymar Jr. wants to do the same for young promising stars of the future. The children received PUMA x Neymar Jr. gifts and a special piece of paper with a message from their hero Neymar Jr. asking them to draw their dreams. After the children finished drawing, Neymar Jr. appeared on screen, creating an incredible surprise.
“Centro da Coroa FC is a football club striving to bring children closer to sport and support them on this path,” said Thadeu P. Nogueira, Football Director at Centro da Coroa FC. “Having Neymar Jr. and PUMA do something so special for the children will live long in the memory. This has been one of the best days of their lives and has encouraged them to keep dreaming.”
“Today was an emotional day, to share my experiences and inspirations with children from my home country, it filled me with so much joy,” said Neymar Jr. “I come from humble beginnings too, so I wanted to inspire them to follow their dreams no matter what their situation or where they start in life. Have faith and dream big.”

As part of PUMA’s ‘Only See Great’ platform Antoine reached out to U.F Mâconnais to give back to the children with amazing gifts and a special video message to inspire the next generation of young football hopefuls.
PUMA’s ‘Only See Great’ platform represents inspiring the next generation to achieve greatness on and off the pitch. As a child Antoine met his heroes, who inspired him to achieve greatness, now Antoine wants to do the same for young promising stars of the future.
After receiving gifts from their hero, the children performed special goal celebrations for Antoine - who is renowned for his unique celebrations, to inspire him and send good luck messages to their hero before he sets his sights on achieving greatness with France at the European Championships.
Draisaitl is one of the NHL’s most successful players of his generation. In the 2019/20 season, Draisaitl firmly left his mark on the sport by becoming the first German player to win the Art Ross Trophy for scoring the most points and also being named the most valuable and most outstanding player in the NHL that year. He was also voted athlete of the year in Germany in 2020.
“Joining the PUMA Family as the first NHL player is something very special,” said Leon Draisaitl. “PUMA has teamed up with many great athletes such as Usain Bolt and Neymar Jr. and I’m excited to be part of this group.”
“Leon is a is a global star in one of the fastest and toughest sports,” said PUMA Chief Executive Officer Bjørn Gulden. “His performance, attitude and personality make him a perfect fit for PUMA!”
Draisaitl will wear PUMA’s training products including FUSE and Cloudspun apparel.
When PUMA products contain viscose, the raw material must come from top-of-class fibre producers which are regularly audited and then ranked by Canopy in its Hot Button Report. By procuring only from suppliers that achieve a top rating from Canopy, PUMA is avoiding risk of sourcing from ancient or endangered forests.
“Forests play a key role as carbon sinks and water reservoirs,’ said Stefan Seidel, Head of Corporate Sustainability at PUMA. “With our new Forestry Policy, we will ensure that PUMA is part of the solution to protect Ancient and Endangered Forests around the world.”
As part of its agreement with Canopy, PUMA has signed up to the Pack4Good and CanopyStyle initiatives, which work to empower supply chains to save forests, and bring alternative, next generation solutions to the mainstream, both in packaging and viscose production.
“We’re very excited to welcome sportswear giant PUMA to the CanopyStyle and Pack4Good initiatives,” said Nicole Rycroft, Canopy’s Executive Director. “Transforming unsustainable supply chains is vital to keep forests standing, protect biodiversity, and stabilize the world’s climate. PUMA strives to be at the front of the pack and today they are clearly demonstrating that leadership.”
More information about PUMA's Biodiversity and Forest Protection Policy can be found on the Forever Better section of our website.
Image Credit: Paul Hilton
The 22-year-old JuVaughn pulled off the epic double last week in Eugene, where he also punched his ticket to the Games on the last day at Hayward Field to close out the U.S. Track and Field Championships. JuVaughn first cleared a solid 2.33 meters in the afternoon, and later returned that evening with an impressive 8.47 meters in the long jump.
“JuVaughn Harrison is one of the most exciting athletes in all of the sport of Track and Field,” said Pascal Rolling, Head of Running Sports Marketing at PUMA. “He has not just the talent, but also the personality and confidence to help him go far. You don’t come across many athletes who are as good in either event, let alone able to set personal bests in both the high jump and long jump within hours of each other at major championships.”
JuVaughn will join fellow LSU alumnus Mondo Duplantis in the PUMA Family of world-class athletes and brand ambassadors and will add to an already incredibly strong roster of jumpers across multiple events.
“PUMA just felt like the right fit,” said JuVaughn. “They have several athletes who are simply at the top in their respective event, including my friend Mondo Duplantis. I’m excited to be part of such an elite group. On a side note, my parents are Jamaican, so growing up I followed athletes like Usain Bolt and so it makes me proud to join such a brand and be part of the legacy.” The newly crowned US champion has not lost a high jump competition since March 30, 2019, - which includes 15 straight competitions in the high jump that he hasn’t been beaten.
“This collaboration with PUMA has been a natural alignment – track spikes need to run fast, and racing cars need to drive fast,” said Toto Wolff, CEO of Mercedes AMG Petronas Motorsport Formula One Team. “Whether you’re designing a great racing car or the perfect track spike, it comes down to engineering and putting as much performance as possible into the product. We have drawn on our experience and expertise in carbon fibre with the design, and along the way we learned that making an innovative track spike involves the same kind of complexity as a Formula One car – and it has been an exciting challenge to tackle together. Working closely with a trusted partner like PUMA, I believe this FASTER+ track and field spike is just the beginning of the collaboration between the two companies when it comes to innovation.”
FASTER+ is part of PUMA’s Only See Great’ campaign – launched in the spring of 2021 - to convey a spirit of optimism, hope and self-belief – following a difficult year and leading up to major sports moments.
