Under Armour Cuts Revenue Outlook on Soft Demand

Dow Jones

08/07

1100 ET - Under Armour lowers its revenue outlook for the year, citing softer demand in North America and the Asia-Pacific region. "That's not the outcome we wanted on the top line," CEO Kevin Plank says on a call with analysts. "Our response is to chase that market lower, which continues simplifying the business, sharpening our product focus, improving marketplace execution and investing behind the innovation, athlete credibility and storytelling that will strengthen Under Armour over the long term." Shares are off 2.7%.

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