Under Armour Inc’s (UAA.N) margins are set to face a squeeze as the sportswear maker increases discounts to shore up waning demand and clear a build-up of excess inventory.
“The large cut to the FY23 EPS outlook is disappointing, but not surprising given similar actions by other consumer companies and retailers,” said Telsey Advisory Group analyst Cristina Fernandez.
To view the full article, please click on the following link:
Visit Content