Under Armour Exec Says Expect Gross Margin To Be Up About 100 To 150 Basis Points In Q2
Portfolio Pulse from Happy Mohamed
An executive at Under Armour has stated that the company expects its gross margin to increase by about 100 to 150 basis points in Q2.
August 08, 2023 | 1:10 pm
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Under Armour's gross margin is expected to increase by 100 to 150 basis points in Q2, which could positively impact the company's financial performance.
An increase in gross margin indicates that Under Armour is making more money on each sale, relative to the cost of goods sold. This could lead to increased profitability, which is likely to be viewed positively by investors and could drive the stock price up.
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