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
Under Armour Discloses Hiccups in SAP Implementation
"The change management has been a little tougher than we expected," said CFO David Bergman.
Under Armour Shares Dive as U.S. Sales Slump
The company's "days of glory, when it would post double-digit uplifts in sales, are over," one analyst says.