Under Armour forecasts quarterly sales below estimates

Published: 2025-05-13 07:10:23 ET UAA

Published on 05/13/2025 at 07:10

(Reuters) -Sportswear maker Under Armour on Tuesday forecast first-quarter revenue below Wall Street estimates, as U.S. President Donald Trump's trade tariffs have fueled recessionary fears and are hindering the sportswear maker's turnaround efforts.

The company expects revenue for the current quarter to decline 4% to 5%, compared with analysts' expectations of a 1.9% fall, according to data compiled by LSEG.

(Reporting by Neil J Kanatt and Savyata Mishra in Bengaluru; Editing by Shinjini Ganguli)