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Tag Archives: Kevin Plank

Under Armour cuts revenue forecast, faces federal investigation (access required)

Following the revelation over the weekend that the federal government is investigating its accounting practices, Under Armour reported Monday that third-quarter revenues dropped 1% and said that it expects revenues for the year to fall short of expectations. The Baltimore-based ...

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Plank says Under Armour opposes Trump’s travel ban as analyst cuts target price (access required)

After a week of backlash from shoppers and his company’s most high-profile endorsees, Under Armour CEO Kevin Plank clarified his remarks about President Trump and his company’s commitment to equality and diversity in an open letter to Baltimore on Wednesday. ...

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Analyst cuts Under Armour price target, citing Plank’s Trump praise (access required)

Under Armour Inc.’s chief executive officer made a mistake praising President Donald Trump, and the move could take a toll on the athletic brand’s reputation and stock price, according to a Susquehanna International Group analyst. CEO Kevin Plank’s recent comment ...

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