Latest Developments Under Armour
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ArticleEuropean market remains strong for Under Armour
Despite some recent “cooling” with consumers in Eastern Europe and concerns over Red Sea shipping disruptions, Under Armour is pleased with the trajectory of its business in Europe. In the product area, the brand is seeing sales traction from its Meridian products for women; its Curry 11 products; and its ...
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ArticleNew CPO, President of Americas at Under Armour
Under Armour (UA) has appointed Yassine Saidi as Chief Product Officer and Kara Trent, the current Managing Director for the company’s EMEA region, as President of the Americas. With nearly two decades of industry experience, Saidi has previously held positions at both Adidas and Puma. According to UA, he brings ...
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ArticleUnder Armour makes proprietary fiber-shed test method publicly available
After years of research in its innovation lab, Under Armour (UA) announced a breakthrough fiber-shed testing method earlier this year to combat the invisible but formidable sustainability threat of microfibers and microplastics to society and the planet. Now, the brand has teamed up with James Heal, a leading provider of ...
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ArticleUnder Armour drops FY sales outlook on continued US woes
Under Armour is now forecasting annual revenues to decline by 2 to 4 percent, down from prior guidance of “flat to up slightly,” but gross margin to improve by 100 to 125 basis points instead of a 25- to 75-basis-point increase. The group’s outlook on FY operating income remains in ...
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ArticleFirst figures out as Under Armour commences its transition year
Under Armour, which sees its next FY as the start of growth phase for the company, commenced FY24 by exceeding Wall Street’s revenue and EPS guidance estimates. The international segment, including the EMEA, and DTC channels paced the results. Under Armour “very focused on profitability” Operating income slipped by ...
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ArticleVulcabras Q2 results bolstered by locally made athletic footwear
The Brazilian Vulcabras group, which produced double-digit Q2 gains in revenues, gross margin and net profit, was aided by a 14.2 percent increase in market-produced footwear to 608.2 million Brazilian reais (€112.8m). Overall, Ebit expanded by 40 percent to R$148.1 million (€27.5m) as year-over-year gross margin increased by 540 basis ...
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ArticleAnalysis: Double-digit increase in sales per employee in 2022
We bring you employee numbers at the world’s biggest sporting goods companies, sales per employee, and how these compare with other industries.
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ArticleSporting Goods 2022 – The top companies worldwide by sales and profit
Our updated 2022 Sporting Goods Scorecard brings you the industry winners, with revenue & profit development of 47 sporting goods companies.
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ArticleFoot Locker lowers full-year outlook on “challenging backdrop”
Foot Locker, after reporting a 73 percent drop in Q1 operating income to $61 million and an 11.4 percent decline in total sales to $1,927 million for the period ended April 29, dialed back its FY23 outlook for revenues, comp sales and gross margin for the 12 months. The news ...
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ArticleUnder Armour’s new CEO establishes strategy as latest earnings announced
Coming out of FY23 where sales and profitability increased but gross margin slipped due mostly to currency impact and the promotional environment in its home U.S. market, Under Armour is charging forward under new CEO Stephanie Linnartz with its new “Protect This House 3” objectives.
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ArticleVulcabras posts strong Q1 results
Despite unstable macroeconomic conditions and a challenging retail environment, the Brazilian Vulcabras group reported record revenues and strong gross margin and Ebit growth in Q1, which ended March 31. Ebit rose by 45 percent to 93.2 million Brazilian reais (€16.7m) as the year-over-year gross margin grew by 430 basis points ...
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ArticleUnder Armour appoints Curry Brand president
Announcing a new long-term contract extension with the four-time NBA champion, Under Armour has ended months of rumors by naming Stephen Curry president of the Curry Brand, while also planning expansions in new and existing categories. Terms of the contract extension were not disclosed, but insiders said the deal could ...
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ArticleVulcabras’ momentum in athletic footwear persists
Vulcabras’ Ebitda increased by 47 percent to 176.6 million Brazilian reais (€40.0m) in the final period of FY22. Gross margin improved by 220 basis points to 38.3 percent from 36.1 percent as net income came in at R$214.3 million (€40.0m). Quarterly net revenues were 19.2 percent higher year-over-year to ...
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ArticleUnder Armour reports improved results, EMEA shines
With new President and CEO Stephanie Linnartz slated to begin her Under Armour career at month’s end, the company reported stronger third-quarter results for the period ended Dec. 31. Operating income increased by 9.9 percent to $94.7 million from $86.1 million as Ebit expanded by 37 percent to $140.4 million. ...
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ArticleUnder Armour announces two new board members
Under Armour will be appointing Carolyn Everson and Patrick Whitesell to its board of directors on Feb. 1. In addition, the Baltimore-based sportswear firm has announced that longtime board member Harvey Sanders, who has served on the board since November 2004 and is currently chair of the Human Capital and ...
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ArticleA Dive into the unknown. The metaverse, NFTs and legal perspectives
The technology may be new, but it’s never too early to start thinking about protecting your brand in the metaverse. Our expert weighs in.
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ArticleGorpcore: The trend that could be bigger than athleisure
Gorpcore: the trend you may have missed and the huge potential it holds for performance brands. We explain it and evaluate its potential.
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ArticleAnalysis: Sporting Goods Industry stocks suffer double-digit market cap decline
This exclusive analysis shows the development in the market capitalization of the top 87 stock-listed sporting goods companies.
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ArticleUnder Armour appoints new president and CEO from Marriott
Source: Under Armour Stephanie Linnartz Under Armour (UA) announced that Stephanie Linnartz will join the company as president, chief executive officer and member of the board of directors, effective Feb. 27, 2023. The company said the appointment follows a “thorough and deliberate search led by a committee ...
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ArticleAnalysis: Sporting Goods Scorecard Q3 2022 – The top performers by sales and profit
Our Q3 Scorecard includes the revenue and profit development of 42 major sporting goods companies.
