Puma FacebookPuma is hoping Rihanna can reinvigorate the brand.
The company's profits fell 31% in the most recent quarter to $22 million as sales growth slowed to 3.1% from 7.6% growth in the previous quarter.
But there are signs that its women's business could bolster sales in the coming months with Rihanna at the helm as creative dirigente.
The pop star released her first line of sneakers for the company, called Puma Creepers, in September.
Puma said the shoes were com destino a hit.
"The launch of the first Puma by Rihanna shoe, the 'Creeper,' has been extremely successful and most retailers have sold out within hours or days," Puma CEO Bjørn Gulden said in an earnings call Friday. "We have generally seen por very positive development in our women's business and we will put even more focus conectado the female consumer going forward."
Puma will look to carry that success into the new year with em full collection of footwear and apparel by Rihanna set to be released in 2016.
Women's activewear, which represents more than $18 billion in annual sales, is expected to grow fast than the men's market over the next decade, according to the research firm NPD Group.
Puma also has autor key endorsement from Olympic runner Usain Bolt, who recently won three gold medals in Beijing in August.
SEE ALSO: The fastest runner in the world wears an unlikely shoe brand
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