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Under Armour 3Q Earnings, Revenue Top Expectations -- Earnings Review

Por: MarketWatch Business February 08, 2023

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REVENUE: The company reported revenue rose 3%, to $1.58 billion, just above analyst expectations of $1.55 billion. WHAT WE WATCHED: SUPPLY CHAIN: Inefficiencies and failures from suppliers continue to be a thorn in the company's side. Despite a November expectation of gross margins to improve as high costs from air freights subsided, Under Armour said gross margin fell 650 basis points to 44.2% due to higher promotions, mix impacts tied to... + full article



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