Company Earnings UpdateUnder Armour Updates 2016 Outlook Based on Sports Authority Liquidation Coresight Research May 31, 2016 Executive Summary The US Bankruptcy Court in Delaware recently approved the liquidation of Sports Authority. Since the business will not be restructured or sold, Under Armour will recognize an impairment charge of $23 million in 2Q16 related to the liquidation. In addition, Under Armour will be able to recognize only $43 million of the $163 million in revenues it originally expected from Sports Authority in 2016. As a result, Under Armour has revised its 2016 net revenue guidance from $5.0 billion to approximately $4.925 billion, representing revised year-over-year sales growth of 24% compared to 26% previously. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly US Store Openings and Closures Tracker 2025, Week 32: Claire’s Files for Bankruptcy—Potentially 1,137 Stores To CloseUS Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for RetailWeekly UK Store Openings and Closures Tracker 2025, Week 31: Greggs Opens More than 60% of Its Announced Store OpeningsConsumer Sentiment Softens in March as Oil Shock Pressures Build: China Consumer Survey Insights
