Puma third quarter sales below expected levels

German sportswear maker Puma’s (PUMG.DE) third-quarter sales missed expectations due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its revenue in euro terms.

Puma CEO Arne Freundt promised a better end to the year, though, saying that China’s Golden Week holiday in October and the lead-up to Singles’ Day on Nov. 11 showed “very encouraging” demand.

“Talking to the retailers both in Europe and the US, I think we are quite...