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Management
Under Armour's Q3 revenues increase, raises outlook
For the third quarter, Under Armour revenue was up 3 percent or 7 percent currency neutral to 1.6 billion dollars compared to the prior year. According to Reuters, after the company raised its annual profit forecast, its shares rallied up 8 percent premarket. Diluted earnings per share are now expected to be in the range of 71 cents to 75 cents....
Management
Capri Holdings posts drop in revenue and earnings
Capri Holdings Limited’s third quarter revenue decreased 6 percent on a reported basis and 0.5 percent in constant currency to 1.51 billion dollars. Gross profit was 1.01 billion dollars and gross margin was 66.5 percent compared to 1.05 billion dollars and 65.1 percent in the prior year. Adjusted gross profit was 1 billion dollars and adjusted...