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Tag: Under Armour Inc

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Under Armour ‘lost it many years ago’

The founder of leggings maker Lululemon thinks the market for athletic apparel today is a four-way race between Nike, Adidas, Lululemon and Chinese apparel manufacturer Anta Sports. Notice what company isn’t on that list? Under Armour. “I think Under Armour kind of lost it many years ago,” Lululemon founder Chip Wilson, who is no longer …

Under Armour ‘lost it many years ago’Read More

Lululemon (LULU) reports fiscal Q3 2019 earnings beat

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Wednesday reported quarterly earnings and sales that topped analysts’ estimates, as more shoppers around the world picked up its yoga pants and sports bras. And its men’s business continued to grow. But …

Lululemon (LULU) reports fiscal Q3 2019 earnings beatRead More

’90s look is dead for retail, leaving stock winners and losers: Jefferies

(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990s consumer tastes put certain brands …

’90s look is dead for retail, leaving stock winners and losers: JefferiesRead More

Under Armour reportedly hid slowing demand in 2016 by shifting sales

An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour CEO Kevin Plank responded Friday to a report that said the company borrowed business from future quarters to hide slowing demand in 2016, saying it called into question the company’s integrity but it remains …

Under Armour reportedly hid slowing demand in 2016 by shifting salesRead More

It’s not just Boeing. More companies are splitting CEO and chairman roles

Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019. Bloomberg | Bloomberg | Getty Images Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11, as the company struggles with the aftermath of two crashes …

It’s not just Boeing. More companies are splitting CEO and chairman rolesRead More

Under Armour’s shoes aren’t cool right now

Under Armour sports shoes on display. Getty Images Under Armour‘s third-quarter sales might have topped expectations, but one glaring shortcoming in Monday’s release was the company’s shoe sales. Under Armour said footwear revenue tumbled 12% to $250.6 million from $284.9 million a year ago. During a post-earnings conference call with analysts, the company admitted those …

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Under Armour (UAA) earnings Q3 2019

Kevin Plank, CEO of Under Armour. Adam Jeffery | CNBC Under Armour is set to report third-quarter earnings before the market open on Monday. Here’s what analysts are expecting, based on Refinitiv estimates: Earnings per share: 18 cents expected Revenue: $1.41 billion expected Over the weekend, The Wall Street Journal reported that Under Armour was facing …

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Under Armour faces federal investigation over accounting practices

Kevin Plank, founder and CEO of Under Armour sportswear, in his office in Baltimore, Maryland on October 1, 2009. Bill O’Leary | The Washington Post | Getty Images Under Armour is the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices, the company confirmed Sunday.  Under Armour began …

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National Lacrosse League strikes deal with Under Armour as it expands sport in US

People walks past a Under Armour clothing store in Siam Center, Bangkok. Guillaume Payen | SOPA Images | LightRocket | Getty Images The National Lacrosse League renewed its sponsorship deal with Team 22, the manufacturer of Under Armour lacrosse gear, for another three years as the league increasingly pairs with corporate partners to try to …

National Lacrosse League strikes deal with Under Armour as it expands sport in USRead More