Under Armour jumps after raising 2025 profit view on lower promotions
** Shares of sportswear maker Under Armour UAA.N rise more than 9% at $9.55 premarket
** Company lifts FY25 adjusted profit forecast, boosted by lower input expenses and cost-cut initiatives such as offering lower discounts at its own stores and online
** Expects profit between 24 cents and 27 cents, compared with its prior forecast of 19 cents to 21 cents
** Sees FY gross margin to increase by 125 to 150 basis points vs prior target of a 75 to 100 basis point rise
** Says gross margins expectations driven by reduced promotions and discounts in the company's direct-to-consumer business
** So far this year, stock largely flat YTD
Reporting by Savyata Mishra in Bengaluru
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