Consumer
Under Armour’s Guidance Boost Shows Turnaround Progress
- Shares rise after boost to adjusted operating income
- Sports brand sees sales declining less than expected
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Under Armour Inc. raised its annual profit guidance, signaling that its turnaround strategy is working.
Adjusted operating income is expected to be as much as $195 million for the fiscal year through March, topping previous guidance with a high end of $185 million.