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Under Armour Inc (UA.N)

UA.N on New York Stock Exchange

18.14USD
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Under Armour Q1 revenue rose 7 percent to $1.1 bln
6:55am 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

Jana Partners dissolves class A sole share stake in Under Armour
Monday, 14 Nov 2016 08:01am EST 

Jana Partners LLC : Jana partners dissolves class A share stake in Under Armour - SEC filing . change in holdings are as of September 30, 2016 and compared with the previous quarter ended as of June 30, 2016 .Jana partners stake in Under Armour represents Jana's sole share stake in the co.  Full Article

Under Armour CEO on CNBC - Can "absolutely" achieve 2017, 2018 targets
Wednesday, 26 Oct 2016 12:37pm EDT 

Under Armour Inc CEO Kevin Plank on CNBC: In 2012, we were a $100 million international business, today we are $700 million . In 2012, footwear was a $200 million business, today it is approaching $1 billion; same with women's business . "We have eyes on being the no 1. Brand in the world" . Across industry lead times are so slow; it is a 18 month product cycle and a 12 month sales cycle . We can absolutely achieve our 2017, 2018 targets . "We don't get credit unless we win" . "We're still a 1000 bps behind our competitors from a gross margin standpoint in footwear. But we are getting better" . North American wholesale apparel is still our most profitable business . On fashion apparel - lifestyle currently represents less than 5 pct of total business, see it as a $15 billion opportunity . We are going to open 70 plus stores in q4 this year , most in China; also opened 30 new ecommerce sites in last 18 months .Under Armour has 11,000 store points of distribution in n. America today compared with our top competitor which has 24,000.  Full Article

Under Armour's CEO enters pre-arranged stock trading plan to sell company's common stock
Friday, 2 Sep 2016 10:16am EDT 

Under Armour Inc : Kevin Plank, chairman, CEO entered into a pre-arranged stock trading plan to sell shares of the company’s common stock . Plank beneficially owns approximately 15.9% of the Class A and Class B common stock outstanding as of June 30, 2016 . Plan entered into by Plank provides for sale of up to 1.88 million shares of Class C stock .Says plan also includes Plank's sale of up to 200,000 shares of co's Class C Stock held by his charitable foundation.  Full Article

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Under Armour posts smaller-than-expected loss, shares surge

Sportswear maker Under Armour Inc posted a smaller-than-expected quarterly loss as operating income from its Asia Pacific business rose 13.2 percent, making the region the company's biggest profit generator in the latest quarter.