31 Jan '17, 11pm

Under Armour CFO Steps Down After Company’s Share Priced Plummet -

Under Armour CFO Steps Down After Company’s Share Priced Plummet -

“We are incredibly proud that in 2016, we once again posted record revenue and earnings, however, numerous challenges and disruptions in North American retail tempered our fourth-quarter results. The strength of our brand, an unparalleled connection with our consumers and the continuation of investments in our fastest growing businesses — footwear, international and direct-to-consumer — give us great confidence in our ability to navigate the current retail environment, execute against our long-term growth strategy and create value to our shareholders.” Under Armour does not expect things to change much this year as gross margins are expected to be “slightly down” as “benefits in product costs being offset by continued pressure from changes in foreign currency and sales mix, as the footwear and international businesses continue to outpace the growth of the higher margin app...

Full article: http://www.kicksonfire.com/under-armours-cfo-resigns/

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