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Tuesday, March 06, 2018 10:12:38 PM
What happened
Sports apparel retailer Under Armour (NYSE: UA) (NYSE: UAA) outpaced the market last month, jumping 17% compared to a 4% decrease in the S&P 500, according to data provided by S&P Global Market Intelligence.
The surge helped chip away at shareholders' losses, although the stock remains far below its all-time high and has shed over 60% since early 2016.
So what
Investors were happy with the fourth-quarter results that were issued in the middle of the month. In that report, the retailer announced declining profitability and weak sales growth. However, operating trends improved significantly from the prior quarter.
Sales fell by 4% in the core U.S. market, for example, compared to a 12% dive in the third quarter. Under Armour's gross profit margin shrank by 1.5 percentage points, which represented a modest uptick from the prior quarter's 1.6 percentage-point drop.
Now what
CEO Kevin Plank and his team are forecasting another transition year ahead, with sales growth sticking close to the 3% uptick they managed in 2017. Profitability should improve as the U.S. market continues to stabilize, and as Under Armour's restructuring plan shaves costs.
From there, executives are hoping that their reduced expense burden will allow them to generate healthier profits in the core U.S. segment while they expand more aggressively in attractive international markets like China.
Recent UAA News
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- UNDER ARMOUR ANNOUNCES AGREEMENT TO SETTLE CLASS ACTION LITIGATION • PR Newswire (US) • 06/21/2024 09:00:00 PM
- University of Maryland and Under Armour Announce 12-Year Extension of Iconic Partnership • PR Newswire (US) • 06/17/2024 02:00:00 PM
- USA FOOTBALL AND UNDER ARMOUR FORM MULTI-YEAR PARTNERSHIP TO SUPPORT U.S. NATIONAL TEAMS AND GROW THE GAME OF FOOTBALL • PR Newswire (US) • 06/11/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 08:28:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 10:50:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 12:38:48 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 12:37:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 12:35:32 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 12:34:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 12:31:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 12:29:46 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 12:12:36 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/29/2024 08:38:44 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 10:37:40 PM
- OpenAI’s Reddit Partnership Boosts Shares by 14%, Microsoft Embraces AMD Chips for AI, and More News • IH Market News • 05/17/2024 11:36:28 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:54:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:50:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:48:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:45:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:41:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 11:52:16 AM
- UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2024 RESULTS; PROVIDES INITIAL FISCAL 2025 OUTLOOK • PR Newswire (US) • 05/16/2024 11:30:00 AM
- US Stock Futures Rise Amid Softer Inflation, Oil Prices Dip • IH Market News • 05/16/2024 11:19:45 AM
- UNDER ARMOUR ANNOUNCES FOURTH QUARTER AND FULL-YEAR FISCAL 2024 EARNINGS CONFERENCE CALL DATE • PR Newswire (US) • 05/02/2024 08:30:00 PM
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