Under Armour Inc. shares suffered their worst decline in two months after Morgan Stanley pointed to slowing sales at the athletic-apparel maker.
The company’s wholesale clothing sales fell 2 percent in the first quarter, according to Morgan Stanley analyst Jay Sole, who cited SportScan data. Women’s apparel was especially hard-hit, declining 7 percent. A sluggish footwear category also could hurt sales this quarter, Sole said in a report.
