Under Armour raises annual profit forecast-March 2024-www.financetom.com

Under Armour raises annual profit forecast

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Under Armour raises annual profit forecast

Nov 9, 2024 12:01 PM

Nov 7 (Reuters) - Sportswear maker Under Armour ( UAA )

raised its annual profit forecast on Thursday, betting on its

cost-saving strategy and efforts to sell more clothing and shoes

at full price.

The company now expects annual adjusted per-share profit of

between 24 cents and 27 cents, compared with its prior forecast

of 19 cents to 21 cents.

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