S&P Global puts Under Armour's ratings on downgrade watch
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S&P Global has placed Under Armour's ratings on watch for potential downgrades due to ongoing restructuring challenges and sales declines. The company's gross margin declined significantly in the second quarter, attributed to U.S. tariff policy and regional geopolitical conflicts. Under Armour's restructuring expenses have increased to $255 million through fiscal year 2026. S&P maintained the company's BB- rating and will resolve the negative watch placement within 90 days, depending on holiday sales and profits.
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