Under Armour Is Warning Of More Trouble Ahead In North America

by MR Magazine Staff

Under Armour is continuing to struggle on its home turf, saying on Tuesday that sales in North America dropped 3% during its second quarter. The athletic-wear company also wants investors to brace for more of the same. It now expects a “slight decline” in revenue in North America for the full year, which is down from a previous forecast of “relatively flat” sales in its biggest market. Shares fell 15% in morning trading. Read more at Forbes.