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
- UNDER ARMOUR ANNOUNCES FOURTH QUARTER AND FULL-YEAR FISCAL 2024 EARNINGS CONFERENCE CALL DATE • PR Newswire (US) • 05/02/2024 08:30:00 PM
- MILAYSIA FULWILEY SIGNS WITH CURRY BRAND • PR Newswire (US) • 03/15/2024 02:00:00 PM
- Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative • IH Market News • 03/14/2024 11:39:32 AM
- UNDER ARMOUR ANNOUNCES LEADERSHIP TRANSITION • PR Newswire (US) • 03/13/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 10:33:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:36:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:07:33 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:04:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:01:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:58:39 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:55:53 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:45:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 12:42:40 PM
- UNDER ARMOUR REPORTS THIRD QUARTER FISCAL 2024 RESULTS; TIGHTENS FISCAL 2024 OUTLOOK • PR Newswire (US) • 02/08/2024 11:55:00 AM
- U.S. Index Futures Dip Slightly, Oil Prices Climb • IH Market News • 02/08/2024 10:56:39 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/02/2024 01:14:48 AM
- UNDER ARMOUR ANNOUNCES THIRD QUARTER FISCAL 2024 EARNINGS CONFERENCE CALL DATE • PR Newswire (US) • 01/25/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/24/2024 09:26:17 PM
- Celanese and Under Armour Develop Innovative New NEOLAST™ Fiber for Use in Performance Stretch Fabrics • Business Wire • 01/22/2024 02:00:00 PM
- UNDER ARMOUR BOLSTERS LEADERSHIP TEAM WITH APPOINTMENT OF NEW CHIEF PRODUCT OFFICER AND NEW PRESIDENT OF AMERICAS • PR Newswire (US) • 01/12/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 01:28:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 01:24:48 AM
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