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Under Armour experiences first quarterly loss since going public

May 2, 2017

The unraveling of the sportswear industry is hitting Under Armour as the retailer suffered its first revenue decline since going public 11 years ago.

Its most recent earnings report revealed a 1 percent North American revenue decline, according to a Market Watch report. Revenue for North America hit $871.3 million for the quarter, but overall revenue was up a bit, hitting $1.12 billion from last year's $1.05 billion.