Under Armour Says Revenue Could Be Down As Much As 20% To 25% In The Back Half Of The Year

July 31 (Reuters) - Under Armour Inc:

* UNDER ARMOUR EXEC- BELIEVE THERE WILL BE CHALLENGES IN THE NEAR TERM WITH RESPECT TO CONSUMER DEMAND - CONF CALL

* UNDER ARMOUR EXEC- CANNOT ESTIMATE IMPACTS ON FY RESULTS; EXPECT COVID-19 TO CONTINUE TO HAVE MATERIAL IMPACT ON FY FINANCIAL, OPERATING RESULTS

* UNDER ARMOUR EXEC- IF 2H 2020 RECOVERS AT A RATE HIGHER THAN WE'RE PLANNING FOR, WE MAY NOT HAVE ADEQUATE SUPPLY TO MEET HIGHER DEMAND

* UNDER ARMOUR EXEC- GIVEN IMPACTS ACROSS RETAIL, AND INABILITY TO REDUCE SUPPLY AS FAST AS DEMAND, ANTICIPATING HIGHLY PROMOTIONAL ENVIRONMENT IN 2H

* UNDER ARMOUR EXEC- HIGHER PROMOTIONS, SALES TO OFF-PRICE CHANNEL IN Q3 AND Q4 , SHOULD CONTRIBUTE TO MEANINGFUL GROSS MARGIN PRESSURE FOR REST OF 2020

* UNDER ARMOUR EXEC- REVENUE COULD BE DOWN AS MUCH AS 20% TO 25% IN THE BACK HALF OF THE YEAR Further company coverage: