Under Armour shares jump after it raises profit expectations amid sliding sales

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs.Soft demand in North America and a slowdown in wholesale orders led revenue to drop 6% during the period, but the company posted big gains in its gross margin.Under Armour now anticipates full-year sales will decline slightly more than it previously expected. Even so, it ...