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Under Armour Inc (UA.N)

UA.N on New York Stock Exchange

12.07USD
20 Nov 2017
Change (% chg)

$0.34 (+2.90%)
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Latest Key Developments (Source: Significant Developments)

Under Armour mulls exiting smaller sports categories - WSJ
Monday, 23 Oct 2017 01:46pm EDT 

Oct 23 (Reuters) - :Under Armour mulls exiting smaller sports categories such as tennis and fishing; co-founder Kip Fulks takes sabbatical - WSJ, citing sources.  Full Article

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

Photo

Under Armour chops forecasts as North America slide worsens

Under Armour Inc slashed 2017 forecasts and reported its first quarterly fall in revenue since going public on Tuesday, as the sportswear firm struggled to make inroads against global rivals Nike and Adidas . | Video