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A Dent in the Under Armour: Increased Activewear Competition

Athletic apparel and footwear company Under Armour (UA) announced first quarter results that met or exceeded Wall Street expectations. However, current year guidance was more tepid than analysts had hoped for, causing the stock to stumble in early morning trading.

For the quarter ended March 31, net revenues increased 25 percent to $805 million from $642 million in the prior year period, marking 20 consecutive quarters of revenue growth above 20 percent. On a currency neutral basis, net revenues increased 27 percent in the period.

Read more at Sourcing Journal.

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