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UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS; PROVIDES INITIAL 2021 OUTLOOK
"Improving brand strength and consistent operational execution delivered better than expected results in the fourth quarter," said Under Armour President and CEO Patrik Frisk. "Our global team was exceptionally resilient and disciplined amid a highly challenging year which included the COVID-19 pandemic and for Under Armour, a comprehensive restructuring effort including further operating model refinements."