Under Armour Sees Steeper-Than-Expected Third-Quarter Sales Decline
Under Armour flagged weakness across its portfolio and cut its annual gross margin forecast. The company cited a challenging consumer environment and competitor discounting; the body is truncated after mentioning Middle East-related disruption.
Under Armour NYSE:UA on Thursday flagged weakness across its portfolio, as the athletic apparel maker grapples with a challenging consumer environment and aggressive discounting by competitors clearing inventory.The company also cut its annual gross margin forecast, saying Middle East-related disru…