Under Armour CFO Stepping Down As Q4 Revenue Declines

Under Armour this morning while reporting Q4 earnings said that CFO Chip Molloy would step down. The company reported "lower-than-expected quarterly sales, hurt by intense competition and slowing growth in North America." Net income fell to $104.9M in the period ending Dec. 31, down from $105.6M in Q4 '15. UA shares slumped about 20% to $23.25 before the bell today (REUTERS, 1/31). The stock is in "danger of suffering the biggest one-day percentage decline since it went public" in November '05 (MARKETWATCH.com, 1/31). Shares "have slid over 30% in the last year" (INVESTORS.com, 1/30). UA "footwear sales declined about -20% for Q4; Apparel declined -17%" (TWITTER.com, 1/31).