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Under Armour cuts annual revenue forecast on N.America slowdown

Reuters

Nov 8 (Reuters) - Under Armour cut its annual revenue forecast on Wednesday, as the company grapples with customers in its biggest market of North America steering clear of pricier apparel and footwear due to higher costs of living.

The company expects fiscal 2024 net revenue to fall between 2% and 4%, compared with its earlier outlook of flat to up slightly.

(Reporting by Aatrayee Chatterjee and Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)