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

Investing.com · 2026-11-06 13:09 UTC

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

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.

Here are some details:

Read the full story at Investing.com · All coverage of this story