Tuesday, January 31, 2017

With Under Armour shares declining, Kevin Plank lays out strategy for future growth

As Under Armour Inc. shares plunged more than 25 percent on Tuesday, CEO Kevin Plank told investors the sportswear maker’s growth story remains intact while admitting the brand’s products need to become more fashionable. “We own this,” Plank said on an earnings call with Wall Street analysts after Under Armour’s profit declined by 1 percent and revenue growth fell short of at least 20 percent for the first time in 27 quarters. Plank called the results “humbling.” “All these things hurt and we…



from http://www.bizjournals.com/baltimore/news/2017/01/31/with-under-armour-shares-declining-kevin-plank.html?ana=RSS%26s=article_search
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