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

Puma maintained its outlook for the year on the back of an acceleration in sales growth, helped by footwear, and a strong orderbook for the last three months of the year.

German sportswear maker Puma on Wednesday reported a 5% rise in currency-adjusted sales for the third quarter as it sold more running and soccer shoes. Quarterly currency-adjusted sales rose to 2.31 billion euros ($2.

Puma reported Q3 sales fell 0.1 percent to 2.31 billion euros. When adjusted for currency effects, sales were 5 percent up. "I'm pleased with the progress on our brand elevation journey," Puma chief executive Arne Freundt said in a statement.