Shelly Banjo, Columnist

Under Armour Must Slow Down to Keep Up

It can't meet lofty goals without solving its more mundane problems.

January 31, 2017 at 8:50 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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To get back on track, Under Armour Inc. needs to first slow down and figure out where it's going.

More than a fifth of Under Armour's market capitalization, or about $2.7 billion, vanished Tuesday after the company said its quarterly revenue growth fell below 20 percent for the first time in 26 quarters and that it was replacing its CFO after only 13 months.