Under Armour Inc on Monday cut its forecast for annual revenue for a second stra...
To keep up, the company last year adopted a strategy that has worked well for rival Nike and includes selling apparel and footwear directly to customers online or through its own retail stores.
“You expect that sometimes a company’s growth will start leveling out... but if they are trying to postpone the inevitable by messing with their accounting practices... That’s bad,” said Paula Rosenblum, a retail analyst with RSR Research. The sportswear maker said it now expects revenue to grow about 2% in fiscal 2019 compared with the prior forecast of a 3% to 4% rise.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Under Armour faces U.S. federal probe over accounting practices: WSJUnder Armour Inc is under investigation by U.S. federal law enforcement official...
Lire la suite »
Under Armour Shares Down 15% In Pre-Market Trading Over Reports Of Federal Accounting ProbeThe sportswear company confirmed on Sunday it is under criminal investigation by the Justice Department and U. S. Securities and Exchange Commission over allegations of improper accounting practices.
Lire la suite »
Under Armour shares sink 14% after guidance cut, reports of federal accounting probeUnder Armour Inc. shares sank 14.2% in Monday premarket trading after the company cut its guidance. The athletic sportswear company also made headlines over...
Lire la suite »
Under Armour faces federal investigation over accounting practicesUnder Armour is the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices, the company said on Sunday.
Lire la suite »
Under Armour tanks 14% after reporting a 2-year probe into its accounting and lowering its sales forecastThe shares plunged in premarket trading. 'The company firmly believes that its accounting practices and disclosures were appropriate,' Under Armour said.
Lire la suite »