Under Armour (NYSE: UA) (NYSE: UAA) has had a rough few years, with shareholders feeling the brunt of the pain. Both classes of shares are down about 50% over the past five years.
This gloom wasn't always the case. Under Armour was once a Wall Street darling, with its unique apparel that keeps wearers cool (or warm) and dry resonating with athletes and regular folks with active lifestyles. The company also grew other categories, such as footwear and accessories.
However, growth has slowed over the last couple of years. In 2016, revenue increased by about 22%, but this dramatically slowed to the 3%-4% range over the next couple of years. In the most recent third quarter, revenue fell by roughly 1% compared to the year-ago period, although cost savings and other initiatives helped boost profitability.