Aug 3 (Reuters) - Under Armour Inc lowered its annual profit forecast on Wednesday, as surging transportation and commodity costs squeeze the sportswear maker's margins.
The company projected an adjusted profit of $0.47 to $0.53 per share for fiscal 2023, compared with its previous forecast of $0.63 to $0.68 per share. (Reporting by Uday Sampath in Bengaluru; Editing by Aditya Soni)
