Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Under Armour, Inc.    UAA

UNDER ARMOUR, INC.

(UAA)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Under Armour expects demand for sneakers, face masks to drive annual revenue

10/30/2020 | 09:00am EST
Products are displayed in an Under Armour store in New York

(Reuters) - Under Armour Inc forecast its annual revenue above Wall Street expectations on Friday, as a pandemic-driven trend to exercise outdoors resulted in a surge in demand for running shoes and face masks.

The Baltimore-based company's shares rose as much as 11.6%, after it also decided to sell its MyFitnessPal health tracking platform for $345 million to private equity firm Francisco Partners.

As gym attendance drops due to the chance of the coronavirus spreading more in confined spaces, more people have opted to go running or biking outdoors, driving up sales of Under Armour's HOVR line of training shoes and other fitness gear.

The company's footwear revenue rose 19% to nearly $300 million in the third quarter. Accessories revenue rose 23% to $145 million, which Under Armour said was driven by sale of athlete-focused "sports masks".

Like bigger rival Nike Inc, a large chunk of Under Armour's new demand was coming from its website and app, which pushed its e-commerce business up more than 50%.

Overall quarterly revenue was largely flat at $1.43 billion in the quarter, pressured by a drop in demand at North American department stores and a 6% fall in apparel revenue, but was above expectations of $1.16 billion.

Excluding certain items, Under Armour earned 26 cents per share, beating expectations of 3 cents per share, according to Refinitiv data.

The company said the sale of MyFitnessPal, which it bought in 2015 for $475 million, gives it more investment firepower and simplifies its larger digital fitness business.

It forecast full-year revenue to fall by a high-teen percentage, compared with estimates of a 25.7% drop.

The company said it expects an annual adjusted loss of 47 cents to 49 cents per share, smaller than the 72 cents per share loss estimated by analysts.

(Reporting by Uday Sampath in Bengaluru; Editing by Saumyadeb Chakrabarty and Arun Koyyur)


© Reuters 2020
All news about UNDER ARMOUR, INC.
11/18UNDER ARMOUR INC : JP Morgan remains Neutral
MD
11/16Does vaccine promise put U.S. consumers in a shopping mood? Retailers may hav..
RE
11/12UNDER ARMOUR INC : RBC gives a Neutral rating
MD
11/12Alibaba, JD.com say U.S. was top seller to China during Singles' Day event
RE
11/05UNDER ARMOUR : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND R..
AQ
11/05Polygiene AB (publ.) Interim Report July 1-September 30, 2020
AQ
11/02UNDER ARMOUR : Reports Third Quarter 2020 Results; Provides Outlook For 2020
AQ
11/02UNDER ARMOUR : Enters Into Definitive Agreement To Sell The MyFitnessPal Platfor..
AQ
10/30UNDER ARMOUR INC : Buy rating from Jefferies
MD
10/30Wall St slumps as tech stocks slide, COVID cases jump
RE
More news
Financials (USD)
Sales 2020 4 297 M - -
Net income 2020 -617 M - -
Net Debt 2020 348 M - -
P/E ratio 2020 -13,3x
Yield 2020 -
Capitalization 7 127 M 7 127 M -
EV / Sales 2020 1,74x
EV / Sales 2021 1,51x
Nbr of Employees 11 700
Free-Float 84,1%
Chart UNDER ARMOUR, INC.
Duration : Period :
Under Armour, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNDER ARMOUR, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 13,78 $
Last Close Price 16,68 $
Spread / Highest target 37,9%
Spread / Average Target -17,4%
Spread / Lowest Target -70,0%
EPS Revisions
Managers
NameTitle
Patrik Frisk President, Chief Executive Officer & Director
Kevin A. Plank Executive Chairman
Colin Browne Chief Operating Officer
David Eric Bergman Chief Financial Officer
Ann Funai Senior Vice President-Engineering
Sector and Competitors
1st jan.Capitalization (M$)
UNDER ARMOUR, INC.-22.78%7 127
LI NING COMPANY LIMITED84.15%13 703
ZHEJIANG SEMIR GARMENT CO., LTD.-9.83%3 716
MAKALOT INDUSTRIAL CO., LTD.19.37%1 433
WACOAL HOLDINGS CORP.-30.81%1 218
CIA. HERING-47.94%534