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via reuters.comBusiness & Companies

Under Armour warns of bigger Middle East hit, cuts annual gross margin growth target

FROM THE WIRE · REUTERS.COM

Under Armour warns of bigger Middle East hit, cuts annual gross margin growth target

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCutting the annual gross margin target is a negative signal for this mid-cap sportswear brand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Under Armour warns of a bigger hit from the Middle East.
  2. 02The company cut its annual gross margin growth target.
  3. 03The update concerns the company's full-year guidance.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Under Armour, Inc.UAStock5.38 USDMarket closedtoday -3.67%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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