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Under Armour under pressure

Insights

• Brand expects **0** 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.
• Q1 revenue fell * per cent to $*. * bn, while Q2 sales are projected to drop *–* per cent, with EPS far below forecasts.