Reported about 21 hours ago
Under Armour reported a smaller-than-expected decline in fourth-quarter revenue, signaling progress in its turnaround strategy that includes reducing discounts and inventory while promoting full-price sales. Despite this improvement, the company faces challenges in its largest market, North America, due to economic concerns and the impact of tariffs on its manufacturing in Vietnam. The retailer's gross margin rose, but future revenue is projected to decline further.
Source: YAHOO