Under Armour Sales Fall While Stock Pops 29% on Raised Guidance [Yahoo! Finance]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: Yahoo! Finance
company handily beat the earnings forecast as cost savings and fewer product discounts and promotions boosted profits. Wall Street cheered the results, sending the stock up 29% in morning trading. More from Sportico.com Broadcasters Lead Sports Stocks in Highlight-Filled October Adidas, Ye Settle Legal Dispute Spawned by Antisemitic Remarks A'ja Wilson's Confident Commercial Swap Plan Activated After MVP “We are a fundamentally stronger business today with increasingly better execution across key dimensions,” Kevin Plank, Under Armour CEO, said in the earnings release. “This includes more consistent marketplace discipline through meaningfully improved product, storytelling and sales leadership, which will deliver a sharper, unique approach to our brand position in the years ahead.” Plank co-founded Under Armour in 1996 and returned to the CEO chair April 1 after several quarters of bad results further dinged the once high-flying brand. Under Armour's market cap topped $2
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