Under Armour's Restructuring Plans Will Create Choppiness but Support Longer-Term Growth Potential
We believe the natural questions investors should ask regarding Under Armour's weaker-than-expected second-half 2017 outlook and restructuring plans are: How healthy is the Under Armour brand in a rapidly changing consumer environment, and what are realistic longer-term growth and margin expectations?On the brand front, we still see long-term potential. Under Armour's North America segment remains in a down cycle--revenue was flat during the quarter--with the industry shift to fashion-athletic ...
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