Under Armour (UAA) Q2 2021 earnings beat


People walks past a Under Armour clothing store in Siam Center, Bangkok.

Guillaume Payen | SOPA Images | LightRocket | Getty Images

Under Armour on Tuesday reported fiscal second-quarter profit and sales that topped analysts’ estimates as its turnaround efforts took hold and shoppers bought more of its merchandise at full price.

The athletic apparel and footwear retailer has evolved its business to rely less on discounters and department stores and more on its own stores and online.

Under Armour raised its full-year outlook, anticipating that even greater momentum will build. It expects fiscal 2021 revenue to rise at a low-20s percentage, compared with a previous forecast of a high-teen…

Source cnbc.com

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