Under Armour raises outlook as company defends high inventory level
Publishing timestamp: 2023-02-08 10:57:18
Summary
Under Armour posted better than expected earnings and revenue for the holiday quarter, and raised its earnings guidance for the fiscal year. Despite inventory challenges, the company saw a 7% jump in wholesale revenue and a 45% increase in Latin America and 32% increase in Europe, Middle East and Africa. E-commerce sales increased 7% and accounted for 45% of Under Armour's total DTC revenue.
Sentiment: POSITIVE
Keywords: retail industry, breaking news: earnings, breaking news: business, under armour inc, business news, business, earnings, apparel retail, marriott international inc,
Source: https://www.cnbc.com/2023/02/08/under-armour-uaa-q3-earnings-2023.html