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Under Armour under pressure

Insights

• Brand expects ** per cent fall in operating income year-on-year.
• Goods sourced from Indonesia and Vietnam become problematic.
• Stock reduction remains core to turnaround strategy.
• Tariffs hit brands with outsourcing differently, says CEO.
• Q* revenue fell * per cent to $*.* bn, while Q* sales are projected to drop *–* per cent, with EPS far below forecasts.