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Under Armour reported weak results but the stock rallied, indicating bullish sentiment. The company has inventory levels back in line with sales, and new products in the pipeline could drive meaningful growth. The stock trades at only 0.5x FY24 sales targets, far below industry levels.
Under Armour has struggled for the better part of a year. However, it shows signs of bottoming, due to a better technical and fundamental picture. Fundamentals in particular make the stock a compelling buy.
Under Armour, Inc. (UAA) Q2 2024 Earnings Call Transcript
Under Armour Inc (NYSE:UA) shares rose after the sportswear maker reported second-quarter earnings that exceeded analysts' expectations, as well as its own. However, while it maintained its outlook for full-year earnings, it lowered its revenue expectations due to challenges in North America, its biggest market, during the back half of the year.
Under Armour Inc.'s stock UA, +0.60% rose 5% early Wednesday before paring that gain to 1.5%, after the Baltimore, Md.-based sporting goods and footwear maker posted better-than-expected earnings for its fiscal second quarter but lowered its revenue guidance.
Under Armour (NYSE: UA), a sports equipment company that manufactures footwear, sports, and casual apparel, is scheduled to report its fiscal second-quarter results on
Under Armour continues to struggle with declining sales, particularly in its key North American market. The challenging retail environment in the US, with increased promotional strategies and high inventory levels, has contributed to the decline. The company's direct-to-consumer business shows promise, but the lack of focus and clear message about the brand remains a challenge.
Under Armour Inc. derives less than a quarter of its sales from women's products, but the company is looking to capitalize on a rapidly growing market opportunity.
Ruhle, 47, and the 51-year-old Plank -- both of whom are married -- have denied rumors of an affair.
The company's stock traded lower as the company's growth slowed down due to a heavily promotional market in the North American retail segment.