But declining sales in the United States, disappointing sneaker launches, a wave of executive departures and a challenging retail environment have left Wall Street skeptical that Under Armour (UA) can turn things around anytime soon.Simeon Siegel, an analyst with Nomura Instinet, argues that the company overextended itself in the past few years by entering too many new categories like tennis, fishing and golf instead of paying more attention to its key running and training segments. »Under Armour likely grew too far, too fast, » Siegel said. « It’s fair to credit CEO Kevin Plank with some phenomenal growth. But Under Armour needs to cut ancillary products, pull back and focus on the core business. »Under Armour has also made a big push into basketball with a line of shoes endorsed by Golden State Warriors star Steph Curry.
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