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Under Armour Inc

UAA.N

Latest Trade

10.90USD

Change

-0.08(-0.73%)

Volume

772,485

Today's Range

10.72

 - 

11.26

52 Week Range

7.15

 - 

21.96

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Under Armour Says Revenue Could Be Down As Much As 20% To 25% In The Back Half Of The Year

July 31 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR EXEC- BELIEVE THERE WILL BE CHALLENGES IN THE NEAR TERM WITH RESPECT TO CONSUMER DEMAND - CONF CALL.UNDER ARMOUR EXEC- CANNOT ESTIMATE IMPACTS ON FY RESULTS; EXPECT COVID-19 TO CONTINUE TO HAVE MATERIAL IMPACT ON FY FINANCIAL, OPERATING RESULTS.UNDER ARMOUR EXEC- IF 2H 2020 RECOVERS AT A RATE HIGHER THAN WE'RE PLANNING FOR, WE MAY NOT HAVE ADEQUATE SUPPLY TO MEET HIGHER DEMAND.UNDER ARMOUR EXEC- GIVEN IMPACTS ACROSS RETAIL, AND INABILITY TO REDUCE SUPPLY AS FAST AS DEMAND, ANTICIPATING HIGHLY PROMOTIONAL ENVIRONMENT IN 2H.UNDER ARMOUR EXEC- HIGHER PROMOTIONS, SALES TO OFF-PRICE CHANNEL IN Q3 AND Q4 , SHOULD CONTRIBUTE TO MEANINGFUL GROSS MARGIN PRESSURE FOR REST OF 2020.UNDER ARMOUR EXEC- REVENUE COULD BE DOWN AS MUCH AS 20% TO 25% IN THE BACK HALF OF THE YEAR.

Under Armour Reports Q2 Adjusted Loss Per Share $0.31

July 31 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.31.Q2 LOSS PER SHARE $0.40.Q2 REVENUE FELL 41 PERCENT TO $708 MILLION.Q2 REVENUE ESTIMATE $543.8 MILLION -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE ESTIMATE $-0.41 -- REFINITIV IBES DATA.CONTINUES TO ANTICIPATE MATERIAL IMPACTS ON ITS BUSINESS RESULTS FOR REMAINDER OF 2020.QTRLY GROSS MARGIN INCREASED 280 BASIS POINTS TO 49.3 PERCENT COMPARED TO PRIOR YEAR.ENCOURAGED BY SOME OF MOMENTUM WE'VE EXPERIENCED IN JUNE AND JULY.REMAIN APPROPRIATELY CAUTIOUS WITH RESPECT TO BALANCE OF 2020 DUE TO CONTINUED UNCERTAINTY RELATED TO CONSUMER SHOPPING DYNAMICS.COMPANY EXPECTS TRAFFIC TRENDS TO REMAIN LOWER FOR REMAINDER OF 2020..QTRLY INVENTORY WAS UP 24 PERCENT TO $1.2 BILLION.EXPERIENCED SIGNIFICANT ECOMMERCE GROWTH AROUND WORLD DURING QUARTER..TRAFFIC TRENDS AT LOCATIONS WHERE BRAND COULD BE PURCHASED ARE CONSIDERABLY LOWER; OVERALL RATE OF CONVERSION IS HIGHER.

Under Armour Says Executive Chairman Kevin Plank & CFO David E. Bergman Received “Wells Notice” From SEC Relating To Previously-Disclosed Investigation

July 27 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR - EXECUTIVE CHAIRMAN KEVIN A. PLANK & CFO DAVID E. BERGMAN RECEIVED “WELLS NOTICE” FROM SEC RELATING TO PREVIOUSLY-DISCLOSED INVESTIGATION.UNDER ARMOUR INC - WELLS NOTICES RELATE TO DISCLOSURES COVERING Q3 2015 THROUGH PERIOD ENDING DECEMBER 31, 2016, REGARDING USE OF “PULL FORWARD” SALES.UNDER ARMOUR - WELLS NOTICES INFORMED SEC STAFF MADE A PRELIMINARY DETERMINATION TO RECOMMEND SEC FILE AN ENFORCEMENT ACTION AGAINST CO.UNDER ARMOUR INC - CO & EXECUTIVES INTEND TO PURSUE WELLS NOTICE PROCESS & EXPECT TO ENGAGE IN A DIALOGUE WITH THE SEC STAFF TO WORK ON A RESOLUTION.

Under Armour Seeks Buyer For Myfitnesspal App - The Information

July 7 (Reuters) - :UNDER ARMOUR SEEKS BUYER FOR MYFITNESSPAL APP - THE INFORMATION.

Under Armour Upsizes And Prices Private Offering Of $440 Mln In Convertible Senior Notes Due 2024

May 22 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR UPSIZES AND PRICES PRIVATE OFFERING OF $440 MILLION IN CONVERTIBLE SENIOR NOTES DUE 2024.UNDER ARMOUR INC - NOTES WILL BEAR INTEREST AT A RATE OF 1.50% PER ANNUM.UNDER ARMOUR INC - ENTERED INTO PRIVATELY NEGOTIATED CAPPED CALL TRANSACTIONS.UNDER ARMOUR - CAPPED CALL TRANSACTIONS EXPECTED TO REDUCE POTENTIAL DILUTION TO UNDER ARMOUR CLASS C STOCK.UNDER ARMOUR - CAP PRICE OF CAPPED CALL TRANSACTION IS INITIALLY $13.4750 PER SHARE OF CLASS C STOCK.UNDER ARMOUR - EXPECTS TO ENTER INTO ADDITIONAL CAPPED CALL TRANSACTIONS WITH CAPPED CALL COUNTERPARTIES.

Under Armour To Offer $400 Million Convertible Senior Notes Due 2024

Under Armour Inc <UAA.N>::UNDER ARMOUR TO OFFER $400 MILLION CONVERTIBLE SENIOR NOTES DUE 2024.UNDER ARMOUR INC - TO OFFER $400 MILLION OF ITS CONVERTIBLE SENIOR NOTES DUE 2024.

Under Armour Board Names Mohamed A. El-Erian As Lead Independent Director

May 18 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR BOARD OF DIRECTORS NAMES MOHAMED A. EL-ERIAN AS LEAD INDEPENDENT DIRECTOR.UNDER ARMOUR INC - EL-ERIAN SUCCEEDS A.B. KRONGARD.

Under Armour Says Entered Into Amendment No. 1 To Amended And Restated Credit Agreement, Dated As Of March 8, 2019

May 12 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR INC - ENTERED INTO AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF MARCH 8, 2019.UNDER ARMOUR INC - AMENDMENT PROVIDES FOR REDUCTION IN CREDIT FACILITY COMMITMENTS UNDER AMENDED CREDIT AGREEMENT FROM $1,250.0 MILLION TO $1,100.0 MILLION.UNDER ARMOUR - ABILITY TO INCREASE COMMITMENTS UNDER AMENDED CREDIT AGREEMENT BY UP TO $300.0 MILLION IS SUSPENDED DURING COVENANT SUSPENSION PERIOD.

Under Armour Expects Q2 Revenue To Be Down 50% To 60%

May 11 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR EXEC- COVID-19 CONTINUES TO CAUSE LARGE IMPACTS AND DISRUPTIONS ON DEMAND, SUPPLY DUE TO FACTORY CLOSURES - CONF CALL.UNDER ARMOUR EXEC- ALL OWNED AND WHOLESALE LOCATIONS IN CHINA HAVE REOPENED.UNDER ARMOUR EXEC- E-COMMERCE BUSINESS HAS SHOWN STRENGTH SINCE START OF Q2.UNDER ARMOUR EXEC- Q2 REVENUE EXPECTED TO BE DOWN 50% TO 60%.

Under Armour Reports Q1 2020 Results

May 11 (Reuters) - Under Armour Inc <UAA.N>::UNDER ARMOUR REPORTS FIRST QUARTER 2020 RESULTS AND HIGHLIGHTS EFFORTS TO MANAGE THROUGH IMPACTS OF COVID-19.Q1 REVENUE $930 MILLION VERSUS REFINITIV IBES ESTIMATE OF $949 MILLION.Q1 ADJUSTED LOSS PER SHARE $0.34.Q1 LOSS PER SHARE $1.30.Q1 EARNINGS PER SHARE ESTIMATE $-0.19 -- REFINITIV IBES DATA.QTRLY RESTRUCTURING AND IMPAIRMENT CHARGES WERE $436 MILLION CONSISTING OF $301 MILLION IN RESTRUCTURING AND RELATED IMPAIRMENT CHARGES.TEMPORARILY LAYING OFF TEAMMATES THAT WORKED IN OWNED RETAIL STORES AND U.S.-BASED DISTRIBUTION CENTERS..TIGHTENING HIRING, CONTRACT SERVICES AND TRAVEL AND OTHER DISCRETIONARY AND VARIABLE COSTS..TAKING ACTIONS TO LIMIT BROADER MARKETING ACTIVATIONS UNTIL CO HAS GREATER VISIBILITY INTO MAGNITUDE OF VIRUS IMPACT.EXPECTING TO REDUCE ORIGINALLY PLANNED 2020 OPERATING EXPENSES BY APPROXIMATELY $325 MILLION.ENDED QUARTER WITH INVENTORY UP 7 PERCENT TO $940 MILLION..PROACTIVELY REDUCING PLANNED INVENTORY RECEIPTS.QTRLY GROSS MARGIN INCREASED 110 BASIS POINTS TO 46.3 PERCENT.IN PROCESS OF AMENDING CREDIT AGREEMENT, WHICH IS ON TRACK TO CLOSE TUESDAY.ENDED THE FIRST QUARTER WITH CASH AND CASH EQUIVALENTS OF $959 MILLION.QUANTIFICATION OF NEGATIVE IMPACTS ON FINANCIAL AND OPERATING RESULTS CANNOT REASONABLY BE ESTIMATED AT THIS TIME.TRAFFIC IN CHINA, WHILE RECOVERING STEADILY IN RECENT WEEKS, CONTINUES TO BE DOWN YEAR-OVER-YEAR..BUSINESS RESULTS AND TRENDS IN SOUTH KOREA HAVE BEEN SIMILAR TO THOSE IN CHINA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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