Under Armour
The retailer said North American apparel growth rate will be slower than it previously thought. It said it expects revenue to rise in the low 20% range during 2017 and 2018, which would be the slowest pace since 2009 according to Bloomberg.
The company reported better-than-expected quarterly sales, as demand for its apparels, shoes and accessories grew.
Under Armour has been offering more "athleisure" clothing - a term for popular daily wear clothing inspired by exercise outfits - in a push to expand its apparel business.
Celebrities including fashion model Gisele Bundchen and ballerina Misty Copeland endorse its athleisure lines.
Under Armour 's apparel revenue rose 18 percent to $1.02 billion, as demand for its training, golf and team sports clothing rose.
Net income rose to $128.23 million in the third quarter ended Sept. 30 from $100.48 million a year earlier.
On a per-share basis, earnings rose to 29 cents per Class C share from 23 cents. The company earned 29 cents per Class A and Class B share, from 23 cents, a year earlier.
Revenue rose to $1.47 billion, from $1.20 billion.
Analysts on average had expected a profit of 25 cents per share and revenue of $1.46 billion, according to Thomson Reuters I/B/E/S.
Up to Monday's close, the stock had fallen about 20 percent in the last 12 months.
(Reuters reporting by Jessica Kuruthukulangara and Gayathree Ganesan in Bengaluru; Editing by Shounak Dasgupta)