Their new NY showroom was up 35% in sales this quarter, I don't know of any bricks n mortar retailer up anywhere near that amount! They will transition all of the stores to the NY and Chicago format in the next quarter. CEO said they expect a big turnaround later this year. I think this stock could open lower tomorrow and trade higher immediately. Look at the garbage stock PAY, even that rebounded 10% today after the open.
Sports Authority, Sports Chalet are shutting down tons of stores and having close out sales in bankruptcy reorganization. UA sells most of their apparel and shoes through these retailers. There will be less places selling UA merchandise going forward and that will likely hurt UA shares, especially in next quarter's earings results. Funds are dumping now because they know growth will slow.
Growth will stagnate into the single digits and will eventually turn negative as margins continue to erode as they have in this quarter. This former 800lb gorilla is turning into a skinny little chimp.
Valuation is way too high for what will soon be single digit revenue growth.