Under Armour Inc. on late Tuesday said it will take a $23 million second-quarter charge tied to Sports Authority’s liquidation plans, a move also expected to lower the Baltimore sportswear maker’s revenue and operating income for the year. In a federal filing, Under Armour said Sports Authority’s bankruptcy and liquidation means it was only able to recognize $43 million of the originally planned $163 million in revenue with the retail for 2016. In March, when Sports Authority filed for chapter…
from http://www.bizjournals.com/baltimore/news/2016/05/31/under-armour-to-take-a-hit-from-sports-authoritys.html?ana=RSS%26s=article_search
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