Finance Under Armour sales plummet 23% as coronavirus stalls turnaround plans Staff Editor May 11, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Under Armour on Monday reported a sales decline of 23% during its first quarter as its business took a blow from the coronavirus pandemic and its stores were forced shut, freezing its turnaround plans. The athletic apparel company said it plans to cut about $325 million in operating costs in 2020 to help it weather the crisis, including by temporarily laying off some retail employees. During a conference call with analysts, it said it expects revenue could be down as much as 50% to 60% during… READ MORE @ CNBC Under Armour on Monday reported a sales decline of 23% during its first quarter as its business took a blow from... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: Under Armour
