Under Armour warns of margin hit as excess stock spurs discounts


Under Armour Inc’s (UAA.N) margins are set to face a squeeze as the sportswear maker increases discounts to shore up waning demand and clear a build-up of excess inventory.

“The large cut to the FY23 EPS outlook is disappointing, but not surprising given similar actions by other consumer companies and retailers,” said Telsey Advisory Group analyst Cristina Fernandez.

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