Under Armour Lowers Sales Outlook After Global Demand Slump — Bloomberg Intelligence

Bullish Gator

Bloomberg Intelligence: Under Armour cuts annual sales forecast to mid-single-digit declines as demand softens across key regions; plus industry and earnings briefs on FCC rules, Take-Two, Wendy’s and Sweetgreen.

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What stands out

Bloomberg Intelligence highlighted a striking recalibration at Take-Two Interactive: fiscal second-quarter bookings guidance came in 7, 10% below consensus and Zynga softness is pinching near-term visibility. The report also reminded investors that Grand Theft Auto VI launches on November 19, concentrating revenue into the back half of the year and making the launch window a high-stakes event. For anyone holding or watching TTWO, that combination, missed bookings, platform weakness, and a single-event revenue swing, reshapes expectations for the next few quarters.