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Under Armour Agrees to Pay $9 Million to Settle SEC Charges it Mislead Investors About Revenue Growth | Michael Volkov

To embed, copy and paste the code into your website or blog: Under Armour had been the subject of a long-running probe since 2019 when Under Armour disclosed the DOJ and SEC investigations into its accounting practices. The SEC’s case eventually focused on its revenue projections and accounting practices. In particular, the SEC cited Under Armour’s use of “pull forward” sales, which is a term used to describe fraudulent counting of customer sales earlier that projected. As set out in the SEC settlement (Here), Under Armour’s internal revenue and growth forecasts for the end of 2015 was projected to fall short from analysts’ revenue estimates, and in particular, the results for North America. Further, warm weather was reducing Under Armour’s winter sales projections for higher-priced apparel.

United statesKevin plankDavid bergmanJustice departmentVolkov law groupVolkov lawUnder armourWells noticesஒன்றுபட்டது மாநிலங்களில்கெவின் பிளாங்டேவிட் பெர்க்மேன்நீதி துறைகீழ் கவசம்கிணறுகள் அறிவிப்புகள்

Staff photographer Andy Blackburn shares favorite feature photos from 2021 [gallery]

Staff photographer Andy Blackburn shares favorite feature photos from 2021 [gallery]
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Carolyn kasterDavid bergmanகரோலின் காஸ்டர்டேவிட் பெர்க்மேன்

Under Armour restricts inventory despite high demand

Dive Brief: Under Armour is tightening how it thinks about inventory, CEO and President Patrik Frisks said on the company s latest earnings call. The retailer said it was opting for this approach, rather than trying to chase demand and possibly spread itself thin. Fisk said the goal is to ensure that the right products are at the right places, a strategy that Under Armour has stuck with, despite high demand. The company s global e-commerce business was up 69% YoY, CFO David Bergman said on the call. In Q1, this constrained-inventory strategy resulted in 9% less inventory and higher margins. As executives anticipate increased freight expenses to continue, this becomes more important.

David bergmanDive briefPresident patrik frisksUnder armourடேவிட் பெர்க்மேன்டைவ் சுருக்கமானகீழ் கவசம்

Preemie Born as Small as Coke Can Survived, Beat COVID, and Is Now a Thriving 2-Year-Old

Preemie Born as Small as Coke Can Survived, Beat COVID, and Is Now a Thriving 2-Year-Old Nicknamed “Mighty Peanut” for his will to survive, preemie baby Haven Greyson Smith was born weighing under 1 pound and no bigger than a soda can. Two years on, the thriving toddler has overcome significant odds stacked against him and on top of all that, has beat COVID, too. Born at just 25 weeks gestation on New Year’s Day 2019, Haven was the tiniest baby to be born at Lucile Packard Children’s Hospital, Stanford. Telling how his miraculous survival story might “bring hope and a little light to others who really need some right now,” Amanda Smith, a single mom from Mississippi, told The Epoch Times how “his smile seems to simply light up the world of people who follow him [on social media].”

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Under Armour paying $9M for SEC probe resolution

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