Under Armour Fined $9M Over Accounting Trick
The SEC says the sneaker firm used $408 million in pulled-forward orders to meet revenue estimates for six consecutive quarters.
Under Armour to Sell MyFitnessPal for $345M
The fitness giant paid $475 million for the app in 2015.
Under Armour CFO Warned of Possible SEC Action
The sneaker company says David Bergman received a Wells Notice indicating he is facing an enforcement action over its accounting practices.
An Empowered Audit Team Can Be the Ultimate Safeguard
Regtech can improve transparency, but without the right culture even the best technology will fall flat.
Audits Are Broken. Here’s a Radical Way to Fix Them.
A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Feds Investigate Under Armour’s Accounting Practices
The investigation involves whether the company shifted sales from quarter to quarter to make results appear stronger.
Under Armour Sets Aside $10M To Cover Job Cuts
The company raised its profit outlook and said the cost savings would begin to show up next year.
Overseas Sales Fuel Under Armour Q2 Beat
"We are making progress toward our transformation of running a more operationally excellent company while amplifying the power of the Under Armour brand."
Under Armour Woes Drag Down Dick’s Sales
The sporting goods retailer attributes the 2% drop in Q4 same-store sales to "significant weakness in the Under Armour brand."
Under Armour Rebounds With 5% Sales Jump
After a tough Q3, a 47% surge in international sales helped revenue beat estimates in Q4 but North America showed another decline.
CFOs on the Move: Week Ending Dec. 8
Under Armour, Connecture, Xactly, Ironwood Pharma, J. Paul Getty Trust, Edelman Financial Services, InnerWorkings, Kony, Shenandoah Telecom, Bioclinica