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Under Armour to support Sports Authority through bankruptcy

09/03/2016
Sportswear brand Under Armour has vowed to support longstanding customer The Sports Authority after it filed for chapter 11 bankruptcy restructuring.

UA plans to offset the impact of the bankruptcy on the company's full year 2016 results through continued sales to The Sports Authority and sales through other channels and customers.  

The company continues to expect 2016 net revenues of approximately $4.95 billion, representing growth of 25% over 2015, and 2016 operating income of approximately $503 million, representing growth of 23% over 2015.


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