Consumer
Under Armour Sinks as Tariffs, Sputtering Sales Hit Outlook
An Under Armour store at the Oculus Center in New York.
Photographer: Victor J. Blue/BloombergUnder Armour Inc. plummeted after forecasting worse-than-expected sales and profit for the current quarter, stalling a turnaround plan that was taking hold.
The Baltimore, Maryland-based brand said revenue for its second quarter is expected to fall between 6% and 7%. Analysts on average projected a drop of almost 3%.