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Article Date: November 2019
Word Count: 164

Under Armour Probe Focuses On End of Quarter Sales


In what might be called a penetrating glimpse into the obvious, the Wall Street Journal reports that the Justice Department and SEC investigations into Under Dog’s accounting practices are scrutinizing end of quarter sales that were pulled forward in order to keep the streak of 20+% sales growth quarters going, even as demand had slowed and the Sports Atrocity bankruptcy had taken out a major customer. Under Dog issued a statement saying the practices described in the story were normal in the ... Log in to view full article.

 


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