Under Armour shares jump after it raises profit expectations amid sliding sales
UAUnder Armour(UA) CNBC·2024-02-08 21:45

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Soft demand in North America and a slowdown in wholesale orders led revenue to drop 6% during the period, but the company posted big gains in its gross margin. Under Armour now anticipates full-year sales will decline slightly more than it previously expected. Even so, ...