Tag: $Under Armour

Sportswear maker Under Armour raised its annual profit forecast on Thursday, betting on lower input costs and cost-saving strategies such as offering lower discounts at its own stores and website.

Under Armour posted a surprise first-quarter profit on Thursday, benefiting from its efforts to cut inventory and promotions at a time when consumers are picky with what they spend their dollars on.

Under Armour forecast a surprise drop in annual sales and projected profit below analysts’ estimates on Thursday, as the apparel maker laid out a plan to simplify its business in the face of weak demand for its sportswear in the United States.

Under Armour Inc.’s stock rose 7% early Thursday, after the sporting apparel company beat profit estimates for its fiscal third quarter to offset revenue that came up short.

Under Armour‘s fiscal fourth-quarter earnings and revenue beat Wall Street expectations, but full-year guidance missed what analysts had been expecting