Under Armour shares jump after it raises profit expectations amid sliding sales
Publishing timestamp: 2024-02-08 09:39:40
Summary
Under Armour reported mixed results for its holiday quarter, with slow sales in the wholesale channel and soft demand in North America. Despite this, the company beat earnings estimates and saw gains in gross margin. It slightly cut its full-year sales outlook but raised expectations for profits and gross margin. Under Armour is working to expand its direct sales to consumers through its stores and website.
Sentiment: MIXED
Tickers: KSS, DKS, UAA, JD.-GB,
Keywords: earnings, breaking news: business, business, dividends, under armour inc, business news, retail industry, kohls corp drn, jd sports fashion plc, dick's sporting goods inc, breaking news: earnings,
Source: https://www.cnbc.com/2024/02/08/under-armour-uaa-earnings-q3-2024.html