Under Armour Expands Restructuring Plan


Under Armour said Tuesday that revenue in its latest quarter rose despite a decline in North America, and announced it was pumping up restructuring plans in 2018 as it orchestrates a turnaround.

Revenue at the sports-apparel maker rose 4.6% to $1.37 billion, closing out the year on a more positive note after its third quarter contained the first quarterly sales decline since it went public in 2005. Under Armour said it expects sales in 2018 to increase by a low single-digit percentage.

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