Things appear to be slowing down a bit at Under Armour. Wall Street is clearly worried about the Baltimore-based sporting giant as shares for the company plummeted 25% to $18.80 USD earlier this morning following a report of a weak first quarter sales gain. Sales for the three months ending December 31 rose just 11.7% to $1.31 billion USD while net income fell 0.7% to $104.9 million USD. Both numbers are well off the projections for the brand and have seemingly resulted in the resignation of CFO...
Things appear to be slowing down a bit at Under Armour. Wall Street is clearly worried about the Baltimore-based sporting giant as shares for the company plummeted 25% to $18.80 USD earlier this morning following a report of a weak first quarter sales gain. Sales for the three months ending December 31 rose just 11.7% to $1.31 billion USD while net income fell 0.7% to $104.9 million USD. Both numbers are well off the projections for the brand and have seemingly resulted in the resignation of CFO...
Share this Article
Recommended