Sports apparel-maker reported a 5% drop in third quarter revenues vs. a year earlier, while analysts had expected no change. The company also cut it full year guidance to “low single digit growth” vs. a 9% to 11% improvement with the result that its stock price fell 22%. Panjiva data shows U.S. imports associated with it climbed 5% on a year earlier, driving a rise in inventories to 84% of quarterly revenues from 66% at the group level. Imports in October increased by 3% vs. September, suggesting a tough start to the fourth quarter.