Financial

Under Armour drops FY sales outlook on continued US woes

By 2023-11-09T06:57:00

Under Armour

Under Armour is now forecasting annual revenues to decline by 2 to 4 percent, down from prior guidance of “flat to up slightly,” but gross margin to improve by 100 to 125 basis points instead of a 25- to 75-basis-point increase. The group’s outlook on FY operating income remains in ...

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