Under Armour's earnings fall in 2Q amid Sports Authority's demise, but sales of shoes rise

Under Armour Inc. reported a $52.7 million loss in the second quarter — a drop blamed on Sports Authority’s bankruptcy and liquidation and a one-time dividend paid to certain stockholders. Under Armour paid a $23 million charge related to Sports Authority’s bankruptcy — it was among its biggest vendors — and a $59 million one-time dividend in connection with shareholder litigation regarding the creation of Class C common stock. As a result, Class A and B stockholders lost 12 cents per share…

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