Under Armour boosts earnings view on cost control; shares rise

[ad_1] By Bloomberg Published Feb 9, 2024 Under Armour Inc. raised its outlook for full-year earnings, with cost cuts in its turnaround effort making up for a continued decline in revenue. Under Armour The athletic-wear maker said Thursday it expects adjusted earnings of 50 cents to 52 cents a share for the year ending in […]

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Under Armour launches UA Infinite collection

[ad_1] By Fibre2Fashion Published Feb 3, 2024 Under Armour, a leading US-based sports apparel and footwear brand, has announced the launch of the Ultimate (UA) Infinite collection. As the brand’s newest running footwear franchise, this collection is all about delivering key footwear models that support long run days as well as everyday miles. Designed as […]

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Adidas slumps as weak profit forecast follows currency hit

[ad_1] By Bloomberg Published Feb 1, 2024 Adidas AG slumped after the German sports apparel maker said negative currency movements mean its profit this year will be less than half of what analysts were expecting. Reuters Operating profit should be around €500 million ($542 million) in 2024, Adidas said late Wednesday. That’s below the average […]

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