Analysis: Winter mix a positive for Under Armour

Under Armour (UA +3.6%) pokes out a gain with positive comments out from Canaccord Genuity.

The investment firm sees an EPS beat on its view that colder weather drove Under Armour's sales higher. It doesn't hurt that winter items sometimes pack lusher margins.

Gross margin rate in Q4 could come in flat, compared to expectations for a 56 bps decline, says Canaccord.

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