Under Armour reported an unexpected loss and sales below estimates as the company grappled with global supply chain challenges and Covid lockdowns in China. The athletic apparel retailer’s stock fell as it also issued profit guidance that came in below Wall Street estimates.
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Will Under Armour stock recover?
Under Armour / UAA
Analysts estimate that it will earn 79 cents a share in calendar 2022 after last year’s 77 cents, on a 6% increase in sales, to $6 billion. The consensus calls for 2022 sales to rise about 9% and 22% at Nike and Lululemon, respectively.
Is Under Armor doing well?
Under Armour Inc. sank the most in five years after an earnings report revealed it’s struggling with supply-chain issues and pandemic-related shutdowns in China. Revenue is projected to rise 5% to 7% in the fiscal year ending in March, the company said Friday in a statement.
How is Under Armour performing?
Under Armour reported net income of $109.7 million, or 23 cents a share, compared with $184.5 million, or 40 cents a share, a year earlier. Excluding one-time items, it earned 14 cents a share, beating analysts’ estimates for 7 cents. Revenue grew to $1.53 billion from $1.4 billion a year earlier.
Is Under Armour a good long term investment?
One of the top athletic apparel brands has been a lousy investment over the last 10 years. Shares of Under Armour (UA 1.80%) (UAA 1.83%) are down 28% since April 2012, underperforming the S&P 500 return of 209%. But the stock could be set for much better showing over the next decade.
Why is Under Armour failing?
Under Armour reported an unexpected loss and sales below estimates as the company grappled with global supply chain challenges and Covid lockdowns in China. The athletic apparel retailer’s stock fell as it also issued profit guidance that came in below Wall Street estimates.
Why is Under Armour dropping?
The company’s stock traded lower as the company’s growth slowed down due to supply chain challenges, rising costs, and Covid-19 disruptions in China. Under Armour was unable to obtain the inventory needed to satisfy consumer demand in the March-ending quarter, due to supply chain disruptions.
Where does Under Armour rank?
Under Armour is ranked #25 in Fashion and Beauty Brands.
Is Under Armour a buy or sell?
Under Armour has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Who owns the brand Under Armour?
founder Kevin Plank
Under Armour founder Kevin Plank built a popular sportswear brand as the underdog competitor to Nike. Noticing his football teammates’ sweat-soaked shirts, Plank came up with a lightweight, sweat-wicking shirt using fabrics from women’s undergarments.
Why is UAA stock down?
Under Armour (UAA) stock price was down over 23% yesterday after the earnings report. “The Under Armour challenges include supply chain issues, transportation expenses, and Chinese Covid lockdowns. The company’s strategy should be to focus on brand elevation and higher pricing,” says Kris Ruggeri.
Where are Under Armor clothes made?
For the last fiscal year, 50 primary manufacturers in 18 countries made Under Armour’s apparel products. Ten of those accounted for 57% of the company’s apparel and accessories products, and 68% were manufactured in Vietnam, Jordan, Malaysia and China.
What does Under Armour sell the most of?
apparel
The manufacturer’s most lucrative product category is its apparel segment, which represented approximately two-thirds of Under Armour’s total sales. Footwear, on the other hand, accounted for just over a fifth of the company’s net sales.
Does Under Armour pay dividends?
Does Under Armour pay a dividend? At the present time we do not pay a dividend on our common stock.
Who is Nike’s biggest rival?
Adidas
Established in 1949, Adidas is a global brand and Nike’s top competitor. Nike vs. Adidas rivalry cuts across different sectors from footwear, apparel, and sports equipment, and accessories.
Is Rock owner of Under Armour?
Under Armour Inc.’s Project Rock brand featuring former pro wrestler and movie star Dwayne “The Rock” Johnson has inked a deal to become the official footwear partner of the Ultimate Fighting Championship mixed martial arts promotion. Project Rock replaces Reebok as the UFC’s footwear sponsor.
UA’s vs. Market share relative to its competitors, as of Q2 2022
| COMPANY NAME | TICKER | MARKET SHARE 12 Months Q2 2022 |
|---|---|---|
| Under Armour Inc. | UA | 3.96% |
| Ralph Lauren Corporation | RL | 4.34% |
| V. F. Corporation | VFC | 8.16% |
| Pvh Corp. | PVH | 6.30% |
What is under Armour’s revenue?
Under Armour is an American sporting goods manufacturer, based in Baltimore, Maryland. The company has experienced substantial growth over the past decade, with its global net revenues amounting to approximately 5.7 billion U.S. dollars in 2021.
Who is the major competitor of Under Armour?
Key Takeaways. Under Armour’s main competitors are Nike and Adidas, both of which have historically earned much higher revenue than UA. Although the barriers to entry in the sports apparel industry are very high, UA successfully found its place in the market by marketing primarily to American football.
Which is better Under Armour or Nike?
If you are a casual customer who wants to learn more about their running habits, Under Armour may be the perfect choice for you. Check out their collection on UnderArmour.com. If you are looking for a classic and reliable choice, then Nike is surely a purchase that you are not likely to regret.
Who is bigger Nike or Under Armour?
On the other hand, Under Armour has been able to add roughly $1.3 billion to total revenues, growing at an average annual rate of 9.4%. However, Nike is much bigger than Under Armour. Nike’s total revenue in 2018 stood at $39 billion – almost 7.5 times more than Under Armour’s $5.2 billion.