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Under Armour Says It Received $101M In Total Cash Refunds Under IEEPA Tariffs, Recognized $70M Net Benefit In Cost Of Goods Sold; Cut Inventory Carrying Value By $8M
https://www.sec.gov/Archives/edgar/data/1336917/000133691726000108/exhibit991-fiscal2027q1.htm
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- benzinga
- Observed
- Aug 7, 2026, 1:33 PM
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- Aug 7, 2026, 1:33 PM
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- Captured once, then retained as an archive reference
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Why Under Armour Stock Was Underwater This Week
Under Armour's stock fell over 12% this week following a downgrade by Barclays analyst Adrienne Yih from equal weight to underweight, despite maintaining a $5 price target. The downgrade came after the company reported Q1 fiscal 2027 results showing a 3% year-over-year revenue decline to $1.1 billion. Yih cited concerns about the company's long product development cycle, delayed brand recovery, and intense competition in the athletic apparel market.
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Read original at benzinga