Puma has posted record sales and earnings following the release of preliminary results for the company’s fourth quarter and FY2021.

The German sportswear and shoe manufacturer generated $2b in sales in Q4 2021, up 14% compared to the same period the year prior.

Puma’s full-year sales reached a record $7.7b up from $5.8 billion in FY2020 — surpassing Wall Street estimates by over 25%.