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Also traded in: Germany, Mexico, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.20
UAA's Cash-to-Debt is ranked lower than
82% of the 769 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.26 vs. UAA: 0.20 )
Ranked among companies with meaningful Cash-to-Debt only.
UAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 2.27 Max: N/A
Current: 0.2
Equity-to-Asset 0.57
UAA's Equity-to-Asset is ranked lower than
54% of the 732 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 0.59 vs. UAA: 0.57 )
Ranked among companies with meaningful Equity-to-Asset only.
UAA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.19  Med: 0.7 Max: 0.78
Current: 0.57
0.19
0.78
Interest Coverage 13.13
UAA's Interest Coverage is ranked lower than
65% of the 657 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 39.94 vs. UAA: 13.13 )
Ranked among companies with meaningful Interest Coverage only.
UAA' s Interest Coverage Range Over the Past 10 Years
Min: 13.13  Med: 46.07 Max: N/A
Current: 13.13
Piotroski F-Score: 6
Altman Z-Score: 6.11
Beneish M-Score: -2.59
WACC vs ROIC
2.27%
9.32%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 7.97
UAA's Operating Margin % is ranked higher than
62% of the 770 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 5.43 vs. UAA: 7.97 )
Ranked among companies with meaningful Operating Margin % only.
UAA' s Operating Margin % Range Over the Past 10 Years
Min: 7.97  Med: 10.83 Max: 14.22
Current: 7.97
7.97
14.22
Net Margin % 4.81
UAA's Net Margin % is ranked higher than
58% of the 771 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 3.65 vs. UAA: 4.81 )
Ranked among companies with meaningful Net Margin % only.
UAA' s Net Margin % Range Over the Past 10 Years
Min: 4.81  Med: 6.51 Max: 8.66
Current: 4.81
4.81
8.66
ROE % 9.30
UAA's ROE % is ranked higher than
58% of the 763 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 7.50 vs. UAA: 9.30 )
Ranked among companies with meaningful ROE % only.
UAA' s ROE % Range Over the Past 10 Years
Min: 9.3  Med: 16.26 Max: 21.24
Current: 9.3
9.3
21.24
ROA % 6.71
UAA's ROA % is ranked higher than
65% of the 776 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 3.74 vs. UAA: 6.71 )
Ranked among companies with meaningful ROA % only.
UAA' s ROA % Range Over the Past 10 Years
Min: 6.71  Med: 11.28 Max: 15.46
Current: 6.71
6.71
15.46
ROC (Joel Greenblatt) % 20.51
UAA's ROC (Joel Greenblatt) % is ranked higher than
61% of the 774 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 14.40 vs. UAA: 20.51 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
UAA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.51  Med: 41.75 Max: 45.59
Current: 20.51
20.51
45.59
3-Year Revenue Growth Rate 26.20
UAA's 3-Year Revenue Growth Rate is ranked higher than
96% of the 678 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.50 vs. UAA: 26.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
UAA' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 19.5  Med: 26.8 Max: 90.4
Current: 26.2
19.5
90.4
3-Year EBITDA Growth Rate 20.20
UAA's 3-Year EBITDA Growth Rate is ranked higher than
79% of the 564 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 4.10 vs. UAA: 20.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
UAA' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 11.3  Med: 27.4 Max: 103.1
Current: 20.2
11.3
103.1
3-Year EPS without NRI Growth Rate 6.30
UAA's 3-Year EPS without NRI Growth Rate is ranked higher than
53% of the 539 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 4.70 vs. UAA: 6.30 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
UAA' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 5.1  Med: 30.7 Max: 73.4
Current: 6.3
5.1
73.4
GuruFocus has detected 4 Warning Signs with Under Armour Inc $UAA.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» UAA's 30-Y Financials

Financials (Next Earnings Date: 2017-10-25 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: Manufacturing - Apparel & Furniture » Apparel Manufacturing    NAICS: 315220    SIC: 2321
Compare:NYSE:PVH, NYSE:HBI, NYSE:GIL, NYSE:RL, NYSE:KORS, OTCPK:BOSSY, NYSE:CRI, NAS:COLM, OTCPK:BHOOY, OTCPK:LPPSY, NYSE:UNF, NYSE:KATE, NYSE:GOOS, OTCPK:WACLY, OTCPK:TBAKF, NAS:GIII, NYSE:OXM, OTCPK:CDGXF, OTCPK:DELTY, OTCPK:TSIHF » details
Traded in other countries:U9R.Germany, UAA.Mexico, UAA.Switzerland, 0R2I.UK,
Headquarter Location:USA
Under Armour Inc is a developer, marketer and distributor of branded performance apparel, footwear and accessories for men, women and youth.

Under Armour markets athletic apparel, footwear, and gear while owning technology assets in Connected Fitness. The firm made its name by developing performance apparel made of synthetic microfiber, designed to wick perspiration away from the skin and help regulate body temperature. Although Under Armour is a wholesaler to sporting goods retailers, it also operates 188 factory house stores and 53 brand house stores across the globe. Roughly 17% of total revenue is generated outside the U.S., including Europe, Japan, and China.

Top Ranked Articles about Under Armour Inc

InvestorsObserver releases options reports for Alcoa, Deutsch Bank, Micron, Terex Corporation and Under Armour
Baron Funds Comments on Under Armour Guru stock highlight
Shares of athletic apparel company Under Armour, Inc. (NYSE:UA) declined in the first quarter on reported earnings and guidance that missed Street expectations. Increased promotional activity, improved competitor positioning and a key distributor’s bankruptcy lowered wholesale revenue. The company is attempting to diversify its wholesale distribution domestically while growing into other geographies and categories, which will likely cut into profitability over the next year, in our view. We believe many of these issues are temporary and the long-term demand for its products, and, as a result, its earnings potential remains relatively intact. (Michael Baron) Read more...
Pick the Winners First – Worry About Price Second Focus on finding the right industry and the right company in that industry. Then wait till you can pay an average price for that above average business - and pounce.
I buy very few stocks. Right now, 65% of my portfolio is in two stocks (Frost and BWXT). And 30% of my portfolio is in cash. So I’m less fully invested than most investors want to be. And I’m less diversified than most investors want to be. Read more...
The Year's Worst-Performing S&P 500 Stocks The biggest flops
Several stocks have declined precipitously from their 52-week highs, despite the S&P 500’s continued rally. Read more...
Under Armour Announces The 2017 Tom Brady Asia Tour Powered By Under Armour
BetterInvesting Magazine Releases July Stock To Study And Undervalued Stock Choices For Investors' Informational And Educational Use
Under Armour Teaches Hyper-Growth Stock Investors a Lesson A textbook scenario of hyper-growth stocks over time
Under Armour’s (NYSE:UA)(NYSE:UAA) recent correction is the best lesson every hyper-growth stock investor could learn from. By the time Under Armour reported its third-quarter 2016 results, the company had notched up 26 consecutive quarters of over-20% revenue growth. I am not sure how many companies in the past have done that before. It was a remarkable story of growth, and one that investors rewarded handsomely with sky-high price valuation multiples. Read more...
Ron Baron Comments on Under Armour Guru stock highlight
Shares of athletic apparel company Under Armour, Inc. (NYSE:UA) declined in the first quarter on reported earnings and guidance that missed Street expectations. Increased promotional activity, improved competitor positioning, and a key distributor’s bankruptcy lowered wholesale revenue. The company is attempting to diversify its wholesale distribution domestically while growing into other geographies and categories, which will likely cut into profitability over the next year, in our view. We believe many of these issues are temporary and the long-term demand and earnings potential remain relatively intact. (Michael Baron) Read more...
Baron Opportunity Fund Comments on Under Armour Guru stock highlight
Shares of athletic apparel company Under Armour, Inc. (NYSE:UA) declined in the first quarter after the company reported fourth quarter revenues and earnings and provided 2017 guidance that missed Street expectations. Increased promotional activity in the athletic apparel space, improved competitor positioning and the bankruptcy of Sports Authority is pressuring UA’s wholesale business. We exited our remaining UA shares during the quarter. (Michael Baron) Read more...
Safirstein Metcalf LLP: Under Armour, Inc. Misled Shareholders According to Class Action Lawsuit - UA

Ratios

vs
industry
vs
history
PE Ratio 54.36
UAA's PE Ratio is ranked lower than
86% of the 579 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 20.00 vs. UAA: 54.36 )
Ranked among companies with meaningful PE Ratio only.
UAA' s PE Ratio Range Over the Past 10 Years
Min: 15.71  Med: 52.23 Max: 110.28
Current: 54.36
15.71
110.28
Forward PE Ratio 51.02
UAA's Forward PE Ratio is ranked lower than
99% of the 67 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 17.18 vs. UAA: 51.02 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 54.36
UAA's PE Ratio without NRI is ranked lower than
86% of the 581 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 20.00 vs. UAA: 54.36 )
Ranked among companies with meaningful PE Ratio without NRI only.
UAA' s PE Ratio without NRI Range Over the Past 10 Years
Min: 16.38  Med: 50.12 Max: 110.28
Current: 54.36
16.38
110.28
Price-to-Owner-Earnings 71.38
UAA's Price-to-Owner-Earnings is ranked lower than
84% of the 371 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 20.24 vs. UAA: 71.38 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
UAA' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.56  Med: 69.53 Max: 1212.5
Current: 71.38
2.56
1212.5
PB Ratio 4.61
UAA's PB Ratio is ranked lower than
82% of the 731 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.72 vs. UAA: 4.61 )
Ranked among companies with meaningful PB Ratio only.
UAA' s PB Ratio Range Over the Past 10 Years
Min: 1.8  Med: 7.39 Max: 15.3
Current: 4.61
1.8
15.3
PS Ratio 1.92
UAA's PS Ratio is ranked lower than
68% of the 754 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.09 vs. UAA: 1.92 )
Ranked among companies with meaningful PS Ratio only.
UAA' s PS Ratio Range Over the Past 10 Years
Min: 0.81  Med: 3.28 Max: 6.52
Current: 1.92
0.81
6.52
Price-to-Free-Cash-Flow 460.87
UAA's Price-to-Free-Cash-Flow is ranked lower than
99% of the 297 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 17.03 vs. UAA: 460.87 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
UAA' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 12.54  Med: 69.89 Max: 1216.29
Current: 460.87
12.54
1216.29
Price-to-Operating-Cash-Flow 23.85
UAA's Price-to-Operating-Cash-Flow is ranked lower than
79% of the 361 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 11.67 vs. UAA: 23.85 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
UAA' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 7.44  Med: 59.67 Max: 4699
Current: 23.85
7.44
4699
EV-to-EBIT 24.71
UAA's EV-to-EBIT is ranked lower than
71% of the 606 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 15.08 vs. UAA: 24.71 )
Ranked among companies with meaningful EV-to-EBIT only.
UAA' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.7  Med: 31.2 Max: 64.2
Current: 24.71
7.7
64.2
EV-to-EBITDA 17.76
UAA's EV-to-EBITDA is ranked lower than
66% of the 639 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 12.46 vs. UAA: 17.76 )
Ranked among companies with meaningful EV-to-EBITDA only.
UAA' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.9  Med: 24.85 Max: 51.9
Current: 17.76
5.9
51.9
PEG Ratio 2.39
UAA's PEG Ratio is ranked lower than
59% of the 267 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.72 vs. UAA: 2.39 )
Ranked among companies with meaningful PEG Ratio only.
UAA' s PEG Ratio Range Over the Past 10 Years
Min: 0.89  Med: 2.45 Max: 4.24
Current: 2.39
0.89
4.24
Shiller PE Ratio 70.68
UAA's Shiller PE Ratio is ranked lower than
85% of the 175 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 25.19 vs. UAA: 70.68 )
Ranked among companies with meaningful Shiller PE Ratio only.
UAA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 63.3  Med: 160.12 Max: 227.86
Current: 70.68
63.3
227.86
Current Ratio 3.04
UAA's Current Ratio is ranked higher than
74% of the 755 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 2.00 vs. UAA: 3.04 )
Ranked among companies with meaningful Current Ratio only.
UAA' s Current Ratio Range Over the Past 10 Years
Min: 1.21  Med: 3.37 Max: 4.3
Current: 3.04
1.21
4.3
Quick Ratio 1.60
UAA's Quick Ratio is ranked higher than
63% of the 755 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.25 vs. UAA: 1.60 )
Ranked among companies with meaningful Quick Ratio only.
UAA' s Quick Ratio Range Over the Past 10 Years
Min: 0.61  Med: 1.78 Max: 2.91
Current: 1.6
0.61
2.91
Days Inventory 130.78
UAA's Days Inventory is ranked lower than
60% of the 731 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 105.55 vs. UAA: 130.78 )
Ranked among companies with meaningful Days Inventory only.
UAA' s Days Inventory Range Over the Past 10 Years
Min: 116.75  Med: 123.71 Max: 171.67
Current: 130.78
116.75
171.67
Days Sales Outstanding 46.92
UAA's Days Sales Outstanding is ranked higher than
52% of the 622 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 49.03 vs. UAA: 46.92 )
Ranked among companies with meaningful Days Sales Outstanding only.
UAA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.86  Med: 34.96 Max: 56.27
Current: 46.92
32.86
56.27
Days Payable 40.93
UAA's Days Payable is ranked lower than
65% of the 561 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 55.04 vs. UAA: 40.93 )
Ranked among companies with meaningful Days Payable only.
UAA' s Days Payable Range Over the Past 10 Years
Min: 35.56  Med: 55.54 Max: 71.4
Current: 40.93
35.56
71.4

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -1.20
UAA's 3-Year Average Share Buyback Ratio is ranked higher than
53% of the 397 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: -1.70 vs. UAA: -1.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
UAA' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -14.5  Med: -1.6 Max: -1
Current: -1.2
-14.5
-1

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 26.84
UAA's Price-to-Net-Current-Asset-Value is ranked lower than
93% of the 538 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 4.91 vs. UAA: 26.84 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
UAA' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.31  Med: 11.21 Max: 91.2
Current: 26.84
3.31
91.2
Price-to-Tangible-Book 6.72
UAA's Price-to-Tangible-Book is ranked lower than
86% of the 695 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 2.02 vs. UAA: 6.72 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
UAA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.44  Med: 7.77 Max: 24.8
Current: 6.72
2.44
24.8
Price-to-Intrinsic-Value-Projected-FCF 8.98
UAA's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
89% of the 398 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.28 vs. UAA: 8.98 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
UAA' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 4.06  Med: 8.71 Max: 77.17
Current: 8.98
4.06
77.17
Price-to-Intrinsic-Value-DCF (Earnings Based) 1.91
UAA's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
77% of the 52 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.20 vs. UAA: 1.91 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 0.59
UAA's Price-to-Median-PS-Value is ranked higher than
92% of the 700 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.14 vs. UAA: 0.59 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
UAA' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.33  Med: 1.02 Max: 2.8
Current: 0.59
0.33
2.8
Price-to-Peter-Lynch-Fair-Value 2.32
UAA's Price-to-Peter-Lynch-Fair-Value is ranked lower than
74% of the 164 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.32 vs. UAA: 2.32 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
UAA' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 1.18  Med: 2.45 Max: 4.12
Current: 2.32
1.18
4.12
Price-to-Graham-Number 4.03
UAA's Price-to-Graham-Number is ranked lower than
88% of the 527 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 1.48 vs. UAA: 4.03 )
Ranked among companies with meaningful Price-to-Graham-Number only.
UAA' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.54  Med: 4.07 Max: 10.3
Current: 4.03
1.54
10.3
Earnings Yield (Greenblatt) % 4.05
UAA's Earnings Yield (Greenblatt) % is ranked lower than
56% of the 776 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 5.07 vs. UAA: 4.05 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
UAA' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.6  Med: 3.2 Max: 12.9
Current: 4.05
1.6
12.9
Forward Rate of Return (Yacktman) % 22.81
UAA's Forward Rate of Return (Yacktman) % is ranked higher than
80% of the 425 Companies
in the Global Apparel Manufacturing industry.

( Industry Median: 6.17 vs. UAA: 22.81 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
UAA' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 17.8  Med: 25.2 Max: 33.4
Current: 22.81
17.8
33.4

More Statistics

Revenue (TTM) (Mil) $4,894.96
EPS (TTM) $ 0.39
Beta0.02
Short Percentage of Float28.40%
52-Week Range $18.35 - 44.68
Shares Outstanding (Mil)440.32

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 5,372 6,164 7,004
EPS ($) 0.42 0.52 0.63
EPS without NRI ($) 0.42 0.52 0.63
EPS Growth Rate
(Future 3Y To 5Y Estimate)
23.80%
Dividends per Share ($)
» More Articles for UAA

Headlines

Articles On GuruFocus.com
InvestorsObserver releases options reports for Alcoa, Deutsch Bank, Micron, Terex Corporation and Un Jun 13 2017 
Nike: Buy the Dip Jun 12 2017 
Baron Funds Comments on Under Armour Jun 07 2017 
Baron Focused Growth Fund 1st Quarter Shareholder Letter Jun 07 2017 
Lululemon Joins Nike and Under Armour in Downtrend Struggle Jun 06 2017 
Pick the Winners First – Worry About Price Second May 29 2017 
Under Armour Needs to Do Just One Thing to Turn Things Around May 29 2017 
The Year's Worst-Performing S&P 500 Stocks May 26 2017 
Under Armour Announces The 2017 Tom Brady Asia Tour Powered By Under Armour May 25 2017 
BetterInvesting Magazine Releases July Stock To Study And Undervalued Stock Choices For Investors' I May 05 2017 

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Under Armour Has Crashed, but Here Comes a 25% Rally Jun 16 2017
Under Armour: One New Shoe Definitely Won’t Fix All Problems Jun 16 2017
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