What financial performance issues do you see at Under Armour based on the data in case Exhibit 2?

EXHIBIT 2 Under Armour's Revenues and Operating Income for Its Four Geographic Regions and Its Connected Fitness Business, 2016-2019 A. Net revenues by geographic region (in millions of $) 2019 2018 2017 2016 North America EMEA Asia-Pacific Latin America Connected fitness Total net revenues $3,658.4 621.1 636.3 196.1 136.4 $5,267.1 $3,735.3 591.1 557.4 190.8 120.4 $5,193.2 $3,802.4 470.0 433.6 181.3 89.2 $4,976.6 $4,005.3 330.6 268.6 141.8 80.4 $4,833.3 *Europe-Middle East-Africa. B. Operating income (Loss) by geographic region (in millions of $) 2019 2018 2017 2016 North America EMEA Asia-Pacific Latin America Connected fitness Total operating income $733.4 53.7 97.6 (3.2) 17.1 $236.8 $718.2 30.4 103.5 (16.9) 5.9 $ (25.0) $700.2 26.0 89.3 (14.4) (6.5) $ 27.8 $408.4 11.4 68.3 (33.9) (36.8) $417.5 *Europe-Middle East-Africa. Note: Totals do not add because numbers for the "Corporate Other" non-operating segment were omitted; these relate to currency hedge gains and losses, restructuring charges, and various "intersegment elimin- ations" not directly pertinent to UA's net revenues and operating income by geographic region. Source: Company 10-K reports, 2019 and 2018