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Under Armour Reports Third Quarter 2021 Results Raises Full Year Outlook
Under Armour Posts Q2 Adjusted Earnings Per Share $0.24
Under Armour Increases Its Minimum Pay Rate To $15 Per Hour
Under Armour, Inc. is a developer, marketer and distributor of branded athletic performance apparel, footwear and accessories. The Company's principal business activities are the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific and Latin America. Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company offers apparel products, such as HEATGEAR, COLDGEAR and RUSH. The Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida.
1020 Hull St Fl 3
Kevin A. Plank
Executive Chairman of the Board
President, Chief Executive Officer
David E. Bergman
Chief Financial Officer
Stephanie L. Pugliese
President, North America
Chief Operating Officer
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Under Armour Inc on Tuesday raised its full-year forecasts, alleviating investor concerns regarding holiday inventory shortages flagged by nearly all its peers and sending its shares up 16%.
Under Armour Inc raised its annual forecasts after beating estimates for quarterly results, as it sells more athletic apparel and footwear directly to consumers at little to no discounts, sending its shares up 5%.
Lululemon Athletica Inc forecast full-year net revenue and profit above Street estimates on Thursday, anticipating continued demand for its workout wear despite easing COVID-19 restrictions in many of its top markets.
The most important filing for shareholders suing Under Armour Inc for allegedly manipulating sales of its sportswear to cover up a decline in demand was not the 192-page amended class action complaint https://tmsnrt.rs/2QAND1Q that hit the Baltimore federal court docket...
Athletic wear maker Under Armour Inc said on Wednesday it would raise the minimum wage for hourly workers to $15 in the United States and C$15.25 ($12.59) in Canada, starting June 6.
Under Armour Inc shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, the subject of a recent regulatory settlement, a federal judge ruled on Tuesday.
Under Armour Inc raised its expectations for annual profit and sales on Tuesday, after reporting a 35% jump in revenue as the reopening of economies in the United States and Asia fueled demand for the company's sports shoes and apparel.
U.S. sports apparel maker Under Armour Inc has agreed to pay $9 million to settle Securities and Exchange Commission (SEC) charges that it misled investors about its revenue growth, the agency said on Monday.
Under Armour forecast first-quarter revenue above estimates on higher sales at full price, as a strong Asia-Pacific and online performance helped it post a surprise holiday-quarter profit on Wednesday, sending its shares up 10%.
Sportswear maker Under Armour Inc has been hit with a proposed class action accusing it of misleading consumers about the purported performance-enhancing features of its "Rush" line of products.
The Baltimore Ravens on Monday said the team had placed running backs Mark Ingram and J.K. Dobbins, as well as defensive tackle Brandon Williams on the Reserve/COVID-19 list ahead of the team's Thanksgiving day showdown with the Pittsburgh Steelers.
The Baltimore Ravens on Monday said multiple members of their organization had tested positive for COVID-19 and were self-isolating and as a result the team was closing its practice facility.
Under Armour Inc <UA.N> <UAA.N> forecast its annual revenue above Wall Street expectations on Friday, as a pandemic-driven trend to exercise outdoors resulted in a surge in demand for running shoes and face masks.
Sportswear maker Under Armour Inc <UAA.N> <UA.N> said on Tuesday it will lay off about 600 employees from its global workforce, citing the impact brought on by the coronavirus pandemic to its business.
Under Armour Inc <UAA.N> <UA.N> said it expects margins to be pressured for the rest of the year on the back of increased promotions, even as online demand helped the sportswear maker post a smaller-than-expected loss.
Sportswear maker Under Armour Inc beat analysts' estimates for quarterly revenue on Friday, as consumers shopped more online during the coronavirus lockdowns, sending its shares up about 8% in premarket trading.
Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices.
* UNDER ARMOUR SEEKS BUYER FOR MYFITNESSPAL APP - THE INFORMATION Source text : [ID:https://bit.ly/3fdZnOY] Further company coverage:
Athletic apparel maker Under Armour <UAA.N> said on Saturday it will discontinue its partnership with UCLA - a 15-year, $280 million accord announced in 2016 that was billed as the largest apparel deal in the history of American collegiate sports.
Under Armour has informed University of California, Los Angeles (UCLA) that it wants to terminate a $280 million deal that it signed with the school in 2016, the Los Angeles Times reported https://www.latimes.com/sports/ucla/story/2020-06-27/under-amour-informs-ucla-it-wants-to-terminate-deal-with-school...
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