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Under Armour backs FY24 EPS view 47c-51c, consensus 50c

Lowers FY24 revenue view to down 2%-4% from flat to up slightly, consensus $5.97B. Sees FY24 gross margin up 100-125 basis points. Sees FY24 effective tax rate low twenties percentage range. Sees FY24 capital expendiutres $230M-$250M.

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