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BALTIMORE , May 2, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release its fourth quarter and full-year fiscal 2024 (ended March 31, 2024) results on May 16, 2024. Following the news release at 6:55 a.m.
Under Armour (UAA) focuses on the DTC business, international growth and innovation for immediate growth and long-term loyalty, positioning itself as a leader in the sportswear industry.
Under Armour's (UAA) commitment to strategic growth, brand strength, product innovation and global expansion positions it well for success.
If you're on the hunt for stocks under $10, look no further. The stock market has been off to a scorching start in 2024.
Shares of Under Armour (UAA) fell 10% after the company announced this week that founder Kevin Plank will return as Chief Executive Officer (CEO) as of April 1, replacing Stephanie Linnartz. Analysts at Evercore ISI were among the first to downgrade the stock on the news, saying that the shift in leadership indicates prior growth strategies were not working and that anticipated new initiatives could pose "significant risk to the brand longer-term.
Stephanie Linnartz, a former Marriott executive who took over at Under Armour in February 2023, is the second CEO UAA has cycled through in less than two years
Under Armour (UA, UAA) has announced a leadership shake-up: founder Kevin Plank has reassumed the position of Chief Executive Officer, replacing Stephanie Linnartz, who occupied the role for only a year. Yahoo Finance Executive Editor Brian Sozzi breaks down the market reaction and provides insight into Plank's operational mishaps during his tenure as CEO.
Stephanie Linnartz is out as Under Armour CEO after barely a year on the job, to be replaced by founder Kevin Plank. The surprise move is being interpreted as a sign that Under Armour's turnaround is not proceeding as planned.
Under Armour Inc (NYSE: UAA) stock was last seen down 12% to trade at $7.12, following news that founder Kevin Plank will return as CEO on April 1 to replace Stephanie Linnartz.
CNBC's Sara Eisen reports on the latest news from Under Armour.