Under Armour lowers FY17 sales and earnings outlook

Under Armour’s revenue for the third quarter was down 5 percent to 1.4 billion dollars. The company said, during the third quarter, operational challenges due to the implementation of the company's enterprise resource planning system and related service levels along with lower North American demand negatively impacted revenue. Revenue to wholesale customers declined 13 percent to 880 million dollars and direct-to-consumer revenue was up 15 percent to 468 million dollars.