Under Armour Lowers Profit Targets for Year


Beneath Armour lowered its revenue targets for its fiscal 12 months, saying the value markdowns and better freight prices that ate into quarterly earnings would proceed to weigh on its outcomes.

The Baltimore firm stated it nonetheless expects its income to develop about 5% to 7% for the fiscal 12 months that began April 1 however the increased prices would depart its working earnings between $300 million and $325 million, in contrast with its prior aim of $375 million to $400 million.


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