Under Armour… Whoops!
Under Armour Inc (NYSE:UA) somehow managed to take what should’ve been a great year and turned it into mush. Perhaps UA got ahead of itself back in April, but no matter how you slice it, this call from January was a mess.
UA is down nearly 50% on the year, despite signing with Major League Baseball for the 2020 season and having—among others on its endorsement payroll—Tom Brady, Stephen Curry and Misty Copeland.
Sorry, that’s definitely a Whoops!