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Under Armour Sees 41% Revenue Plunge, Warns of Supply Shortage Ahead

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Revenue at Under Armour fell 41 percent to $707.6 million in the second quarter, with the company incurring $182.9 million in net losses. The bulk of the sales declines came through the wholesale category, which fell 58 percent. Total revenues remained well ahead of Wall Street’s $543.8 million projections, though Under Armour expects more sales…

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