Under Armour beats second-quarter sales, profit estimates, expects challenging year-end

Under Armour beat Wall Street’s sales and profit expectations in the second quarter, but warned on Wednesday that the second half of the year would be difficult. The Baltimore-based sports apparel and footwear maker has been navigating a challenging retail environment amid high inflation and increased promotions. Under Armour’s stock rose 21 cents per share Wednesday to close at $7.42 each.