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Under Armour Lost More Than Half a Billion in Q1

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As it awaits the reopening of stores and distribution channels, Under Armour described its balance sheet as “well-managed,” despite reporting sizable quarterly declines in apparel, footwear and accessories revenue. In a Nutshell: Under Armour Inc. said Monday in reporting first-quarter financial results that amid the coronavirus pandemic that negatively affected the U.S. and global economies,…

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