BUSINESS
Under Armour warns of margin pressure for rest of 2020
BUSINESS

Under Armour warns of margin pressure for rest of 2020

Published: July 31, 2020  |  2 min read, 304 words
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United States (Reuters) - Under Armour Inc () () said it expects margins to be pressured for the rest of the year on the back of increased promotions, even as online demand helped the sportswear maker post a smaller-than-expected loss. Shares of the Baltimore-based company, which surged during before the opening bell, were down about 7% in morning trading. Chief Financial Officer David Bergman warned on a call with analysts the company might not have adequate supply to meet higher demand, if the second half of the year recovers at a faster-than-expected rate. “Given the dramatic impacts... READ MORE
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