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Article Date: April 2017
Word Count: 783

Under Armour Sees Tough H1 But Building Foundation for Long-Term Growth


Despite a heightened promotional environment and sluggish sales of some key items, Under Dog reported a slightly better result than expected for Q1 ended Mar. 31 as it lost $2,272,000 compared to income of $19,180,000 on a 7% sales gain to $1,117,331,000 compared to $1,047,702,000. The stock popped nearly 10% as Under Dog said it expected sluggish results to continue for another quarter with a $13-18 million loss in Q2 implied before rebounding in H2 when it will have easier compares, some operational improvements behind it and the benefit of some new product concepts. It confirmed full year guidance for ... Log in to view full article.

 


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