Under Armour (UA, UAA) shares are trading higher Thursday as the company's turnaround efforts show signs of progress. The athletic apparel retailer now expects its operating loss for the 2024 fiscal year to be around $196 million, an improvement from the previous $240 million loss estimate.

Morning Brief Co-hosts Seana Smith and Brad Smith Under Armour's latest update and the broader challenges facing the retail sector.

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This post was written by Angel Smith