Aug 7 (Reuters) – Under Armour forecast a steeper annual decline in revenue on Friday, as the athletic apparel maker struggles with weak consumer spending amid macroeconomic uncertainty in its key North American market.
The company expects full-year revenue to decline by mid-single-digit percentage, compared with its prior target of a “slight decline”.
(Reporting by Sanskriti Shekhar in Bengaluru; Editing by Leroy Leo)
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