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Facing Federal Probes, Under Armour Needs to Fix its Footwear Business—and Fast

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Trouble is mounting at Under Armour. The Baltimore-based maker of athletic footwear, apparel and equipment is facing a federal accounting probe though sluggish sales—which forced the firm to lower its FY 2019 revenue guidance—could be an even bigger concern. In a Nutshell: Better-than-expected sales and profits were overshadowed by the third quarter’s slowing sales, particularly in footwear,…

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