It was quite an unpleasant earnings day for Baltimore-based Under Armour (UAA)(UA). While 2Q19 EPS topped expectations by two pennies and revenues landed close enough to consensus estimates, lack of meaningful growth in the crucial North America region helped to push the stock down by 16% in the two days that followed the quarterly report.
CEO Kevin Plank described the messy process of transforming the company as "literally changing tires while you are driving". But given the unimpressive growth that Under Armour has been able to deliver lately, I believe the