Scumbag Fraudsters
5 years ago
WTF happened to UA?!
Looks like it fell off a cliff in February. Another victim of the virus?
Read the following news today, clicked the link and and couldn't believe it was under a Hamilton!
Under Armour (UAA) β Under Armour said it would end the 15-year, $280 million apparel partnership with the University of California, Los Angeles, that it signed with the university in 2016, saying it had not received the expected marketing benefits for an extended period of time. UCLA said it would fight the move to end the partnership.
Back in 2013 I'd thought about buying Under Armor and SodaStream.
At that time UA was around $35 and the last time I checked it was over $40. I thought for sure it was over $60 by now and probably closer to $80. Figured that was yet another big mistake I'd made by not buying some.
I see their clothing everywhere and I still have a bunch I bought years ago that I've never worn - still has the tags on (anyone wanna buy some vintage UA?).
Kilmal
7 years ago
Why Under Armour Stock Gained 17% in February
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.