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Article Date: November 2019
Word Count: 593

Under Armour Sales Dip But Margins Improve


Net income improved 36% to $102,315,000 from $75,266,000 for the third quarter ended Sep. 30 as total sales fell 1% to $1,429,456,000 from $1,442,976,000, primarily because of lower sales to the off-price channel in North America. But challenges in the key North American market clearly still remain and Under Dog stock fell back near its 52-week low on the disclosure that it was the subject of a criminal investigation by the Justice Department and a civil investigation by the SEC over its revenue recognition. Dog provided little detail on the probe except to say that it was confident its accounting ... Log in to view full article.

 


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