This article is from: srnnews.com
(Reuters) -Under Armour forecast second-quarter revenue below estimates on Friday as the sportswear maker grapples with muted demand in North America due to still-high inflation and tariff uncertainty.
The company now expects quarterly revenue to decline between 6% and 7%, compared with analysts’ average estimate of a 2.9% drop, according to data compiled by LSEG.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Devika Syamnath)
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