Under Armour Cuts Sales View on Softer Demand Around the World
Under Armour has lowered its annual sales forecast, now expecting a mid-single digit percentage decline due to weakening consumer demand across multiple regions. The athletic retailer is facing challenging market conditions in North America, Asia-Pacific, and Europe and the Middle East, prompting CEO Kevin Plank to revise the company's outlook downward.
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Under Armour Cuts Sales View on Softer Demand Around the World
Under Armour has lowered its annual sales forecast, now expecting a mid-single digit percentage decline due to weakening consumer demand across multiple regions. The athletic retailer is facing challenging market conditions in North America, Asia-Pacific, and Europe and the Middle East, prompting CEO Kevin Plank to revise the company's outlook downward.
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