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Under Armour raises outlook as company defends high inventory level

Por: CNBC Business February 08, 2023

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In this articleUnder Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas.Brandon Bell Getty Images reported Wednesday that beat Wall Street's expectations, but the retailer is contending with a growing inventory glut that heavy promotions and discounting failed to alleviate.Shares fell about 4% Wednesday.Despite the inventory challenges, the athletic apparel company raised its earnings outlook for the fiscal year.... + full article



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