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Under Armour Upsizes And Prices Private Offering Of $440 Mln In Convertible Senior Notes Due 2024
Under Armour To Offer $400 Million Convertible Senior Notes Due 2024
Under Armour Board Names Mohamed A. El-Erian As Lead Independent Director
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness. Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 factory house stores in North America primarily located in outlet centers throughout the United States. In addition, the Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida.
1020 Hull St Fl 3
Kevin A. Plank
Executive Chairman of the Board
President, Chief Executive Officer
David E. Bergman
Chief Financial Officer
Stephanie L. Pugliese
President, North America
Chief Operating Officer
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Under Armour Inc forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19 pandemic, sending the athletic apparel maker's shares down about 11%.
Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
* UNDER ARMOUR WILL CLOSE ALL STORES IN NORTH AMERICA FROM MARCH 16 THROUGH MARCH 28, 2020
Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.
Under Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, saying the recent coronavirus outbreak in China would hurt sales in one of its fast-growing markets, sending its shares down 15%.
Under Armour Inc is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday.
Under Armour Inc is being probed by U.S. federal law enforcement officials, examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, the Wall Street Journal reported on Sunday.
Under Armour Inc <UAA.N> founder Kevin Plank will hand the reins of the sportswear maker to operations head Patrik Frisk, hoping a change in leadership will help battle brutal competition from Nike and Adidas in the United States.
Under Armour Inc said on Tuesday long-time Chief Executive Officer Kevin Plank plans to step down from the role next year and be succeeded by Chief Operating Officer Patrik Frisk.
Sportswear maker Under Armour Inc on Tuesday cut its full-year revenue forecast for North America as demand at its stores and online faced pressure from relentless competition from bigger rivals Nike and Adidas.
Under Armour Inc reported a 1% rise in quarterly revenue on Tuesday as higher demand for its footwear in international markets offset weak performance in the United States.
Leading U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged the U.S. President Donald Trump to immediately remove footwear from the proposed tariffs list on goods imported from China.
- Note: Reuters has not verified this story and does not vouch for its accuracy
Under Armour Inc beat analysts' estimates for quarterly profit on Tuesday, as the sportswear maker kept a tight lid on costs and sold more sneakers at full price during the holiday shopping season.
Under Armour Inc expects a mid-single digit fall in its first-quarter revenue in North America, the footwear maker said on a post-earnings conference call on Tuesday.
Under Armour Inc, reported quarterly revenue that edged past Wall Street estimates on Tuesday, as the sportswear maker discounted less and sold more sneakers at full price during the holiday season.
Sportswear maker Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares.
Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below analysts' estimates, citing relatively flat results for North America, sending its share down about 11 percent.
Department store operator Kohl's Corp reported better-than-expected quarterly same-store sales on Tuesday, benefiting from its revamped stores and merchandise as well as its partnerships with Amazon.com and Under Armour.
Under Armour Inc's shares surged 25 percent on Tuesday after the sportswear maker's upbeat quarterly earnings and full-year profit forecast underscored the success of its multi-year plan to lower costs and reduce bloated inventory.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.