Under Armour warns of bigger Middle East hit, cuts annual gross margin growth target

MarketScreener · Reuters · 2026-11-06 13:10 UTC

Under Armour on Thursday warned of a bigger hit to its operating income from the Middle East conflict and lowered its annual gross margin growth forecast, sending its shares down about 12% in...

Nov 6 (Reuters) - Under Armour on Thursday warned of a bigger hit to its operating income from the Middle East conflict and lowered its annual gross margin growth forecast, sending its shares down about 12% in premarket trading.

The athletic apparel maker joins a string of companies across industries that anticipate higher transportation and supply-chain costs due to the surge in oil prices triggered by the Iran war.

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