Under Armour forecasts quarterly sales below estimates
ReutersMay 13, 2025 11:03 AM
May 13 (Reuters) - Sportswear maker Under Armour UAA.N on Tuesday forecast first-quarter revenue below Wall Street estimates, as U.S. President Donald Trump's trade tariffs have fueled recessionary fears and are hindering the sportswear maker's turnaround efforts.
The company expects revenue for the current quarter to decline 4% to 5%, compared with analysts' expectations of a 1.9% fall, according to data compiled by LSEG.
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