Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium
Under Armour beat Wall Street's quarterly estimates on the top and bottom lines. The company adjusted its full-year profit guidance after settling a securities lawsuit from 2017 for $434 million.
Under Armour stock climbs on Q1 top and bottom-line beat, raised outlook
Under Armour Inc.'s stock UA, -0.48% rose 6.9% premarket Thursday after the athletic-apparel maker beat Wall Street's top and bottom-line expectations in its first-quarter results and raised its earnings outlook. The Baltimore-based company reported a first-quarter loss of $305 million, or a loss of 70 cents a share, after net income of $10 million, or earnings of 2 cents a share, in the prior year's quarter.
Under Armour agrees $434m class action settlement
Under Armour Inc (NYSE:UA) has agreed to a $434 million settlement to resolve a 2017 class action lawsuit accusing the company of misleading shareholders about its revenue growth to meet Wall Street expectations. The deal, pending court approval, avoids a trial that was set for July 15 in Baltimore federal court.
The Bottom Fishing Club: Under Armour Left For Dead, Founder Again CEO
Under Armour's stock peaked in 2015 above $50. It's now trading at all-time low valuations with price below $7. Founder Kevin Plank returns as CEO to lead a restructuring effort focusing on premium brand image and reduced discounting to outside retailers. The stock valuation may be one of the cheapest in its peer clothing/shoe segment of major retailers/manufacturers.
Under Armour to lay off employees as part of restructuring plan
Under Armour, under the direction of its founder Kevin Plank, is trying to turn around its losses and strengthen its brand. This includes reprioritizing men's apparel
Bears Sent a False Alarm for Under Armour Stock
After shares of Under Armour Inc. NYSE: UA plummeted by 15% in the pre-market session of Thursday morning due to the company's release of its first quarter 2024 earnings results, bearish traders may have reversed their initial decision. The stock ranged within a couple of percentage points during the day, closing lower by 0.3% to finish the day.
Under Armour Misses Profit Forecasts, Announces Restructuring Plan
Under Armour (UAA) on Thursday reported fourth-quarter profit that fell well short of analyst estimates, with Chief Executive Officer (CEO) Kevin Plank saying the company faced a "challenging retail environment" over the last fiscal year.
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation weary consumers pull back on new clothes and shoes.
