This document analyzes the financial performance of Puma and compares it to its competitor Adidas. It provides sales, gross profit, earnings before tax (EBT), and net income figures for both companies for the fourth quarter of 2010 and 2011. Puma saw sales growth from €616.3 million to €720.5 million between those periods. Gross profit and net earnings also increased. However, Puma still has a smaller overall market share than Adidas. The document concludes with sources for additional financial information on Puma and Adidas.