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UA / Under Armour ekes out profit instead of expected loss as revenue tops estimates

Under Armour Inc. blew past earnings estimates for its fiscal first quarter on Tuesday, posting a small profit instead of an expected loss, and said it was making no changes to the guidance provided in May. The Baltimore-based sporting goods retailer said it had net income of $8.549 million, or 2 cents a share, for the quarter to June 30, up from $7.682 million, or 2 cents a share, in the year-earlier period. Read More

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Posted: Aug 8 2023, 07:06

Author Name: Market Watch

UA News

By Seeking Alpha
October 17, 2023

Under Armour: Weak Sales And High Inventory Merits Caution

Under Armour continues to struggle with declining sales, particularly in its key North American market. The challenging retail environment in the US,

By Market Watch
October 10, 2023

Less than 25% of Under Armour sales are women's wear. Here's how its new CEO plans to double that.

Under Armour Inc. derives less than a quarter of its sales from women's products, but the company is looking to capitalize on a rapidly growing market

By New York Post
August 30, 2023

MSNBC's Stephanie Ruhle netted Steph Curry interview as ‘thank you' for helping Under Armour boss: lawsuit

Ruhle, 47, and the 51-year-old Plank -- both of whom are married -- have denied rumors of an affair.

By Forbes
August 30, 2023

Under Armour Stock Down 24% This Year, What's Next?

The company's stock traded lower as the company's growth slowed down due to a heavily promotional market in the North American retail segment.

By CNBC
August 29, 2023

Under Armour founder used TV anchor's advice when facing negative coverage, records show

The Plank-Ruhle relationship included private jet rides and access to confidential company information, according to court filings.

By New York Post
August 29, 2023

Under Armour exec Kevin Plank, TV anchor Stephanie Ruhle spoke through private phone ‘at all hours': lawsuit

Under Armour executive Kevin Plank gave Stephanie Ruhle a private phone through which they communicated at all hours, according to court documents.

By The Motley Fool
August 25, 2023

Why Under Armour Stock Was Down This Week

Foot Locker's earnings report flashed warning signs for leading athletic wear brands. Nike and Adidas were also trading lower this week.

By Proactive Investors
August 8, 2023

Under Armour delivers in-line fiscal 1Q results, moves froward with 'Protect This House 3' plan

Under Armour shares got a slight bump Tuesday after the athletic apparel retailer posted quarterly results roughly in line with expectations and reite

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