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Article Date: October 2017
Word Count: 789

Under Armour Resets Expectations as U.S. Wholesale Plunges

Blaming both its internal operations and the weakened athletic environment, Under Dog missed Q3 revenue forecasts as it reported net income of $54,242,000, down 58% from $128,225,000, on a 5% sales decline to $1,405,615,000 against $1,471,573,000 that was punctuated by a 12% shortfall in North American sales to $1,077,088,000 from $1,225,188,000. Under Dog conceded that not much was likely to change in Q4 and further cautioned that righting its ship would last into 2018 as it looked to revamp operations, increase its focus on consumer trends and bring more relevant product to the market. With impairment and restructuring charges of ... Log in to view full article.


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