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Under Armour Inc (UA.N)

UA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Under Armour names Patrik Frisk president and COO of the company
Tuesday, 27 Jun 2017 06:55am EDT 

June 27 (Reuters) - Under Armour Inc ::Under Armour announces Patrik Frisk as president and chief operating officer.Under armour inc - company also announced strategic executive changes to align its organizational structure.Under armour inc - Frisk will have responsibility for company's go-to-market strategy and successful execution of its long-term growth plan.Under armour - Paul Fipps named chief technology officer with responsibility for overseeing all aspects of engineering that support co's web and mobile applications.  Full Article

Kohl's CEO - Saw strength across activewear due in large part to launch of Under Armour
Thursday, 11 May 2017 11:47am EDT 

May 11 (Reuters) - Kohls Corp :On conf call- Q1 average transaction value increased driven by a continued increase in average unit retail.CEO -saw strength across active businesses due in large part to launch of Under Armour <<>>, which has exceeded our expectations.CEO -inventory effectiveness initiatives, including supply chain speed initiative, localization efforts and leveraging store inventories for online demand fulfillment, helped inventory and gross margin results.CEO -buy online, pick up in store demand reached 13% of online orders, up from 8% last year.CEO -will be launching a very targeted effort to capture sales from competitor stores that are closing.CEO -plan to open 4 new 35,000 square foot stores this fall in very dense existing markets.CEO -will continue reducing the number of private-label brands we offer in women's to "help" sales of bigger brands such as sonoma.  Full Article

Under Armour executive says expects Q2 revenue growth rate to be about 1 point higher than Q1 - conf call
Thursday, 27 Apr 2017 09:39am EDT 

April 27 (Reuters) - Under Armour Inc :Under Armour executive - sluggish signature market and warm consumer reception led to softer-than-expected results for the Curry 3 sneakers - conf call.Under Armour executive - expect the revenue growth rate in the second quarter to be approximately 1 point higher than the first quarter - conf call.Under Armour executive - for second half of year, expect revenue to be up at mid-teen percent rate, with "strongest comparison of 2017 being in Q4" - conf call.Under Armour executive - this year "Under Armour officially out of acquisition mode and we're in activation mode" - conf call.  Full Article

Under Armour Q1 revenue rose 7 percent to $1.1 bln
Thursday, 27 Apr 2017 06:55am EDT 

April 27 (Reuters) - Under Armour Inc ::Under Armour reports first quarter results.Q1 revenue rose 7 percent to $1.1 billion.Sees FY 2017 revenue up 11 to 12 percent.Sees FY 2017 revenue $5.4 billion.Under Armour Inc - reiterates full year 2017 outlook.Under Armour Inc - qtrly net loss per share of class a, b and c common stock was $0.01.Under Armour Inc - inventory increased 8 percent to $902 million at quarter-end.Fy2017 earnings per share view $0.42, revenue view $5.35 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $-0.04, revenue view $1.11 billion -- Thomson Reuters I/B/E/S.  Full Article

Kohl's says launched profit improvement project "to take significant expense out"
Thursday, 23 Feb 2017 10:25am EST 

Kohls Corp : On conf call- Q4 average transaction value increased 3.8 percent . On conf call- accessories weakest catgeory in q4 . On conf call- Q4 transactions per store declined 6 percent . On conf call- $350 million of $700 million full-year capex for it spending . On conf call- national brands were 54 percent of total sales in 2016 . Localization efforts now impact about 85% of assortment, they are having a positive impact on sales as well as reducing inventory levels . Mobile devices account for 50 percent of our online traffic . Have launched a profit improvement project "to take significant expense out of our company", expect some impact this year, majority impact will be in 2018 and 2019. . Believe that overall we have retained about a third of sales from stores closed last year . Expect more significant improvement in gorss margin in Q1 with remainder of the year with very modest improvement . CEO- "we will achieve a rationalization of square footage over time, not necessarily fewer stores but probably less square footage" . CFO- "500 of our 1,150 some stores are going to be run like a smaller store... We are looking for opportunities to bring in other retailers to take that square footage that we are able to carve out to drive some additional traffic " . CEO- "we've really dramatically reduced inventories this year so our clearance levels and fall transitional inventories are way down compared to last year".  Full Article

Baillie Gifford & Co reports a 9.54 pct passive stake in Under Armour as of Dec. 31, 2016
Friday, 10 Feb 2017 09:32am EST 

Under Armour Inc :Baillie Gifford & Co reports a 9.54 percent passive stake in Under Armour Inc as of Dec 31, 2016 - sec filing.  Full Article

Under Armour says expects Q1 revenue to grow at a mid-single-digit range as Q4 conditions in North America carry over - Conf Call
Tuesday, 31 Jan 2017 05:02pm EST 

Under Armour Inc : Under Armour - Given lower-than-anticipated revenue in Q4, will not be able to reduce SG&A spend in the near term - Conf Call . Under Armour - Lower-than-expected North American apparel sales , co's largest, most profitable unit, disproportionally pressures co's overall growth rate in Q4 . Under Armour - Q4 gross margin down 3.2 percentage points, out of which 2.3 percentage points impacted by higher discounts and promotions - Conf Call . Under Armour - Expects Q1 revenue to grow at a mid-single-digit range as Q4 conditions in North America carry over -Conf Call . Under Armour - Expects Q1 2017 gross margin to be down about 100 basis points - Conf Call . Under Armour - Expects Q1 2017 operating loss of about $12 to $14 million- Conf Call . Under Armour - Planning for inventory growth to be higher than revenue growth for the first three quarters of 2017 - Conf Call . Under Armour - "This year, we are targeting a $400 million capex number" - don't see capex massively increasing in next 2 yrs - Conf Call Further company coverage: [UAA.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Under Armour signs running back, NFL draft prospect Leonard Fournette to a multi-year partnership
Wednesday, 18 Jan 2017 09:30am EST 

Under Armour Inc :Under Armour Inc - has signed running back and NFL draft prospect Leonard Fournette to a multi-year partnership.  Full Article

Under armour unveils new UA record equipped running shoes
Wednesday, 14 Dec 2016 09:00am EST 

Under Armour Inc : Under Armour doubles-down on connected footwear; unveils new line of ua record equipped running shoes . Under Armour - plans to more than double number of units of connected footwear worldwide in 2017 .Under Armour - global distribution of connected footwear to North America, Europe, Middle East, Australia, New Zealand, Japan, and for first time, greater China.  Full Article

Under Armour signs 10-year partnership to provide uniforms for MLB
Monday, 5 Dec 2016 09:00am EST 

Under Armour Inc : Under Armour, Fanatics and MLB invigorate global sports landscape with a new, groundbreaking partnership . Under Armour Inc - co, MLB announce a 10-year partnership that names Under Armour as official uniform provider to MLB .Under Armour - beginning in 2020 MLB season, Under Armour will be exclusive MLB provider of all on-field uniform components.  Full Article

BRIEF-Under Armour board approves amendments to bylaws to reflect fact roles of CEO, president will be held by separate individuals

* Under Armour - on June 23, board approved amendments to bylaws to reflect fact roles of CEO, President will be held by separate individuals - SEC filing