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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.