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Under Armour, Inc. (UA)

NYSE - Nasdaq Real Time Price. Currency in USD

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Visitors trend2W10W9M

8.45

+0.10

(+1.20%)

At close: 04:03PM EDT

8.43

-0.02

(-0.24%)

After hours:

07:56PM EDT

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P
In Under Armour's FY 2023 Q1 conference call, there was some cautionary language, as one might expect in our current economic environment. They expect a pull back in gross margin and earnings for the current fiscal year 2023 (April '22-March '23) after a good 2021 year of high margins, as pent up demand and PPP dollars after the pandemic had people spending. However, inflation causes people to guard discretionary spending, so they anticipate industry wide discounting to prevail over the next couple of quarters, which will negatively impact margins and earnings. Outlook is guarded, but estimates for fiscal year 2023:

* Total Revenue up 5%-7%.
* Gross Margin down 375-400 basis points (industry wide discounting & high freight costs).
* Operating Income is expected to be $310-$335 million (compares to $375-$400 million).
* Selling, General Administrative costs should remain flat as expense control will be a priority.

They see new opportunity in street wear ("non-sweaty" apparel), but will not lose focus on their core business of athletic apparel and footwear.

No news on a new CEO, but stated they were still assembling a list of proven executives that could take over. If UA executes their 2023 estimates and appoint a new CEO, I see upward movement of the stock price later this year!
Bullish
L
Very low price for this company.... amazing products
Bullish
P
On June 26th Under Armour settled a lawsuit filed by UCLA for breaching their ridiculous $280m 15 year deal with UCLA, requiring their athletes wear UA. They settled by agreeing to pay UCLA $67m by July 26th. UCLA has settled the suit, so it means UA did pay the agreed $67m.

This is good and bad news, as it means the lawsuit is settled and UA can get back to business, but $67m off the balance sheet hurts pretty bad. The stock is up today, likely reflecting the freedom that comes with settled litigation.

I expect UA to continue its upward trend in the weeks ahead.
Bullish
S
UAA looks like it is about to drop. Be careful guys. I have been reading (http://Achieverspot.tech) and their stocks have been doing way better.
J
I was out at a youth lacrosse tournament this weekend in Maryland (home state of UA). Whereas I used to see maybe 40% of the kids wearing something UA, I now see less than 10%. They lost the kids, plain and simple. NB, Nike, Adi were all out there (plus a host of lower tier brands for uniforms) in a big way. High end, rich, white sport and no UA...who would have imagined it coming to this.

Just another data point. I never thought I would see so few kids care about this brand, that's for sure. I have no idea how this company could miss on strategy so badly. Guess that is why they turned over Frisk and his team.
J
$5 then im in !
H
When US hits a recession, will people stop buying expensive sports wear?
M
they are interviewing for a new CEO. Soon as they announce up 10%
R
Please tell me why we are paying Steph Curry hundreds of millions of dollars. When was the last UAA advertisement he’s done? What about Tom Brady, Michael Phelps, and the golfer Spieth?! If we’re paying these people they should be doing some marketing!
A
Don't count on profits from overseas! The share price is exactly where it deserves to be, if not lower. I don't know why they bothered opening 3 stores in Auckland. You wouldn't believe the inventory limits I've observed as a shopper over the last 3 years. My 2 x $140 golf pants finally just arrived and ive ordered a couple more, good quality, but there's definitely something fundamentally wrong with their business. As someone whos never wirked in retail it's plain to see. I get the style but they make it difficult for you to buy stuff with such a small selection. I could give you ordinary sizes like 32/32 that they just can't stock even online. seems like a sinking ship.
S
https://go.trade-ideas.com/SHPY
M
Conference call should be interesting
P
Under Armour is 70% off 52 week highs today at just $7.50. Unless you think UA is going bankrupt, this is a massive buy IMO. Perhaps even in acquisition territory, which would also be good for investors jumping in now. They have a terrific brand that is extremely well know in professional sports. I see real opp.
W
How can the Board remain after the disaster of hiring Patrik Frisk? This brand will take years to recover, imo, if at all. And the Board skates? It was their decision to bring in this guy. Where was the governance? Accountability. Shareholders suffer and their are no consequences.
J
Minimal pricing power at best. Buy luxury names not middling names
h
Took my first position in this today 8.90 a number of reasons have 2 teen boys and here in UK UA is huge they only wear it as do I myself. It’s on trend and affordable compared to Nike. We heading for major credit crunch but kids won’t stop growing or wanting to look good in recession times value always wins out over premium for the masses
Bullish
J
U$S 10
Bullish
J
Aeropostale 2.0
J
Some one trade 20mil shares @6:30 pm total trade 53mil today,anyone know what’s going on?
G
this price not seen since 2011. Debt or no debt, recession or no recession, war or no war, pandemic or no pandemic, that does not make sense.