Years of unchecked spending may finally be catching up with the sports apparel specialist.
News & Analysis: Under Armour (A Shares)
The sports apparel brand argues it's not receiving all of its contracted value, though cash conservation may also be a motivation.
Once a Wall Street darling, the sporting goods brand has since fallen out of favor with consumers and investors.
One is developing a COVID-19 vaccine; the other two are from rebounding industries.
Retail investors rebel at the risk of a second Great Lockdown.
While the pandemic was a big drag on the apparel company's first-quarter performance, it still has an uphill climb to overcome its long-standing issues.
Investors are latching onto any positive economic news they can find.
Even though sales plummeted in the first quarter, the company is working hard behind the scenes to revive its brand.
An unexpectedly strong jobs report plus New York's reopening raise hopes the recession is near an end.
The sports apparel specialist reported weak first-quarter results.