CORRECTED-Under Armour forecasts a drop in annual sales

Under Armour

Under Armour

UAA

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Corrects paragraph 2 to say company expects annual revenue to fall slightly, not a low single-digit percentage fall

May 12 (Reuters) - Under Armour UAA.N forecast a drop in annual revenue on Tuesday, as the athletic apparel maker struggles with weak consumer spending and macroeconomic uncertainty in its key North American market.

The company expects revenue for its fiscal year 2027 to fall slightly, compared with analysts' average expectation of a 1.6% rise to $5.05 billion, according to data compiled by LSEG.


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