Under Armour Repeats Its Accounting Was ‘Entirely Appropriate’

Under Armour Inc. reiterated Nov. 15 that its 2016 accounting practices, subject of a multiyear federal probe, were “entirely appropriate.”

The Baltimore-based company’s statements came after the Wall Street Journal reported that Under Armour executives borrowed business from future quarters, and leaned on retail partners to accept shipments earlier than planned, all to keep sales numbers inflated. Though not explicitly against the rules, the practice could expose the company to punishment from both shareholders and the government.

Under Armour said earlier this month that it has been cooperating with investigators from the U.S. Securities and Exchange Commission and the U.S. ...