Under Armour Reduces Outlook Following Negative Third Quarter Results

Under Armour is not having a brilliant year. With challenges including a survey that ranked its sneakers uncool and a stock-shattering Kevin Durant diss, the company had to enact layoffs due to lackluster sales. Although the company enjoyed some success, like seeing The Rock's sneaker sell out immediately and Stephen Curry's Curry 4 predicted as the #1 basketball sneaker, the company reports that revenue has fallen by 5%, down to $1.4 billion USD. International sales rose up by 35% but domestic ...