EXEC: Puma CEO Talks Cautious Approach on U.S. Turnaround
SGB ExecutivePuma SE delivered second-quarter results that topped analyst targets and said it might be able to raise its outlook for the year should the recent momentum in China, Europe and Latin America continue in the third quarter. However, Arne Freundt, Puma's CEO, was hesitant to forecast a return to growth in the U.S. market due to weak consumer spending. (Read More)