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Today's Research Reports on Trending Tickers: Under Armour and Dave & Buster's Entertainment

NEW YORK, NY / ACCESSWIRE / December 13, 2018 / Under Armour and Dave & Busters had something in common on Wednesday. Big losses. Under Armour shares were tanking as the company revealed a dismal forecast at its Investor Day while Dave & Busters plummeted on a concerning decrease in comparable sales.

The Market Edge Initiates Coverage on:

Under Armour, Inc.
https://marketedgereport.com/report/UA/

Dave & Buster's Entertainment, Inc.
https://marketedgereport.com/report/PLAY/

Under Armour, Inc. shares were down almost 9% yesterday on almost 8.8 million shares traded. The athletic apparel company disappointed Wall Street with revised guidance at an investor meeting. Under Armour revealed a long-term strategic plan that targets to return to low double-digit revenue growth by 2023. The company also said that it expects to increase its earnings per share at a five-year CAGR of roughly 40%. For fiscal 2019, the company has forecast revenue growth of 3% to 4%, or earnings per share of $0.31 to $0.33. The analyst consensus estimates were expecting $0.35 per share on revenue growth of 5%. "Under Armour is designed for resilience and over the past two years, our global team has worked tirelessly to transform our business - operationally, strategically and culturally," said Under Armour Chairman and CEO Kevin Plank. "With a distinct strategy engineered around a clear, uniquely defined consumer supported by a disciplined go-to-market process and data-driven demand mapping, we have never been more inspired, aligned and capable of achieving our goals," he added. He also said, "As we execute against our long-term strategy, we remain unwavering in our commitment to protecting and growing the Under Armour brand," Plank continued. "Led by a strong management team, an accelerated innovation agenda and comprehensive discipline around our commitment to increasing total shareholder return, we look forward to delivering the next chapter in our growth story."

Access The Market Edge's Under Armour, Inc. Research Report:
https://marketedgereport.com/report/UA/

Dave & Buster's Entertainment, Inc. shares were down nearly 8% on Wednesday with about 6 million shares traded. The American restaurant and entertainment business reported its earnings for the quarter ended November 4th. Despite beating on both the top and bottom line, share price dropped as traders were more concerned over weakness in comparable sales. For the quarter, same store sales figures declined 1.3%. Food and beverage same store sales saw declines of 5%. “Food and beverage comp sales were unfavorably impacted by the timing of our All You Can Eat Wings promotion, as well as a decline in special events, which is a higher mix of F&B [food and beverage],” said interim CFO Joseph DeProspero. The company reported earnings of 30 cents a share for the third quarter, while analysts expected 24 cents. Revenue at $282 million was also better than the $278 million that analysts waited for.

Access The Market Edge's Dave & Buster's Entertainment, Inc. Research Report:
https://marketedgereport.com/report/PLAY/

Our Actionable Research on Under Armour, Inc. (NYSE: UA) and Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) can be downloaded free of charge at The Market Edge.

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SOURCE: The Market Edge