Under Armour Shares Crash As Kevin Plank’s Turnaround Plan Hits Wall Under Armour CEO Kevin Plank’s turnaround plan has hit a wall, with the athletic apparel and footwear maker forecasting worse-than-expected adjusted EPS and revenue, both missing Bloomberg Consensus estimates. The struggling Baltimore-based brand, once expected to challenge Nike but now severely falling short, said it expects revenue this quarter to decline between 6% and 7%, compared with the nearly 3% drop projected by analysts tracked by Bloomberg. The takeaway from Under Armour’s Q2 guidance is that its turnaround plan is losing momentum amid mounting macro headwinds, tariffs, and soft consumer… — Continue at ZeroHedge News : Read More
