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EXEC: Under Armour’s Shares Jump on Q1 Beat, Guidance Raise

Shares of Under Armour rose nearly 20 percent Thursday after the company notched a surprise quarterly profit before litigation-related charges as both gross margins and North America’s sales performance exceeded expectations. Under Armour slightly raised its outlook for the year.

Elevate Textiles Names Head of Corporate Development and Strategy

Elizabeth K. Ren joins Elevate Textiles with over 20 years of experience in strategic planning, corporate development, investment banking, corporate finance, operations, and treasury. Her career has included key financial and executive positions across private and Fortune 100 companies, including Under Armour.

Under Armour Lifts FY Guidance On Surprise Q2 Profit

Under Armour, Inc. reported a loss of $305 million in the second quarter after absorbing charges related to the settlement of a shareholder lawsuit, but posted a surprise profit excluding the charges and slightly raised its adjusted earnings guidance for the year. Sales declined 10 percent, dragged down by a 14 percent slide in North America. 

Yeti Raises FY Outlook on Strong Q2 Results

Yeti Holdings ,Inc. raised its guidance for earnings and sales for the year as second-quarter results topped analyst targets. Adjusted earnings in the quarter rose 36 percent on a 15 percent revenue gain.