Under Armour warns sales will decline as much as 25% in second half of 2020
July 31, 2020
Under Armour said Friday that it was “encouraged” by the momentum it has seen in June and July, as its stores are reopening after temporarily being shut. During an earnings call, however, it said revenue could fall anywhere between 20% and 25% in the back half of 2020. Within this window, it expects an even larger decline in the fourth quarter. Read more on CNBC.
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