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Under Armour, Inc. (UA)

- NYSE
  • Mon, Mar. 16, 12:48 PM
    • Adidas (OTCQX:ADDYY, OTCPK:ADDDF) says it won't bid on renewing a supplier deal with the NBA when its current contract with the league runs out after the 2016-2017 season.
    • The development leaves Nike (NYSE:NKE) and Under Armour (NYSE:UA) as the two companies likely to make an aggressive play to land the high-exposure NBA deal.
    • The decision from the German company could tip off it will focus in different areas in the U.S. after it lost considerable basketball market share over the last few years.
    • Previously: Intense bidding expected on next NBA contract (Mar. 11 2015)
    | 11 Comments
  • Wed, Mar. 11, 10:18 PM
    • There's some intrigue building over which sports company will land the next contract to sponsor NBA uniforms and other apparel.
    • Major player #1: Adidas (OTCQX:ADDYY, OTCPK:ADDDF) paid $400M in 2006 to secure the rights through the 2017 season, a mark that could be blown away in the next round of bidding. Despite the expected hefty price tag, the German company's struggles in the U.S. raises the importance of the NBA contract.
    • Major player #2: Nike (NYSE:NKE) is likely to play to some strong defense to protect its formidable basketball shoe market share. Analysts think the Swoosh could use a broad NBA partnership as a complement to the Jordan brand which is showing its age a bit.
    • Major player #3: Under Armour (NYSE:UA) is looking to build basketball momentum after scoring a well-timed Stephen Curry partnership and shoe introduction. At last count the sport only accounted for 1% of UA's revenue.
    • Citigroup notes the NBA's growing international presence makes the contract even more valuable to growth-minded sports apparel sellers.
    | 6 Comments
  • Fri, Feb. 27, 5:16 PM
    • If tech-enabled clothing catches on, Under Armour (NYSE:UA) plans to be front and center,
    • CEO Kevin Plank says the devices in our pockets will migrate to apparel as health and fitness monitoring integrates with mobile communication.
    • The company is growing out the concept through both R&D and M&A, although it's playing coy about what direction it will go specifically with future products.
    • Digital properties added in the last year include MapMyFitness, Endomondo, and MyFitnessPal.
    • Under Armour will undoubtedly face stiff competition from Apple and Nike in the tech clothing category.
    | Comment!
  • Fri, Feb. 27, 7:54 AM
    • Under Armour (NYSE:UA) signs Dutch soccer star Memphis Depay to an endorsement deal.
    • Depay will wear Under Armour soccer shoes in matches and training.
    • The signing is one of the company's strongest moves into soccer after its kit deal with Tottenham Hotspur and could give it a larger presence in Western Europe.
    | 1 Comment
  • Wed, Feb. 25, 10:25 AM
    • Positive data on demand for athleisure apparel continues to stoke interest in Lululemon (LULU +0.6%), Under Armour (UA +1.8%), and Nike (NKE +1.3%).
    • "Comfort can elongate a trend that otherwise would have been gone," an industry insider tells Fashionista.
    • Shares of Lululemon and Under Armour are up over 10% for the year, while Nike's tracked up to threaten to break through the $100 level for the first time ever.
    • Gap (GPS +0.4%) is also a major athleisure player through its Athleta chain, although the mix to total sales is below that seen by the dominant trio.
    • Previously: Winners and losers from the intersection of sports and fashion in NYC (Feb. 16 2015)
    • Previously: Fashion sales influenced by rebellious millennials (Feb. 24 2015)
    | 4 Comments
  • Tue, Feb. 24, 11:23 AM
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  • Fri, Feb. 20, 9:52 PM
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  • Wed, Feb. 18, 1:55 PM
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  • Wed, Feb. 18, 8:23 AM
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  • Mon, Feb. 16, 11:11 AM
    • The confluence of New York Fashion Week and the NBA All-Star game in New York City gave major apparel brands a launching pad to unveil new products and strategies.
    • The annual events have seen significant product successes and misfires in the past which have impacted profits in the retail sector.
    • Under Armour (NYSE:UA): The company used the weekend to launch its largest global brand campaign ever with the new Curry One basketball show. Actor Jamie Foxx and CEO Kevin Plank worked events all weekend, while Curry aces the 3-point shooting competition at the ASG.
    • Banana Republic (NYSE:GPS): Gap promoted a new-look BR line at NY Fashion Week events. Topeka Capital Markets thinks star designer Marissa Webb can recharge some life in the brand which has suffered with the rise of the athleisure category.
    • Kate Spade (NYSE:KATE): The retailer's Chief Content Officer is confident that a big bet on tailored flare pants will be on-trend. The strategy runs counter to the popular skinny-leg look.
    • DKNY (OTCPK:LVMHF): The fashion house drew high marks on the runway for its updated collection which critics see as selling.
    • Tommy Hilfiger (NYSE:PVH): The 30-year old brand displayed its fall lines which include more football and varsity themes. Critics think the grounded approach might broaden the selling demographic.
    • Adidas (OTCQX:ADDYY): The German company used the weekend to showcase its new shoe collaboration with Kanye West. Reviews were mixed with Nike and UA grabbing more exposure through their basketball association.
    | 1 Comment
  • Fri, Feb. 13, 9:18 AM
    • Under Armour (NYSE:UA) unveiled the Curry One basketball shoe at an event last night in NYC in front of the NBA All-Star game planned for this weekend.
    • The timing is spot-on for the company with Curry receiving more All-Star votes than Nike's (NYSE:NKE) Lebron James and Kevin Durant this year to finish off a remarkable rise from his humble start as a lightly-regarded prospect from Davidson.
    • UA calls the advertising campaign for the Curry One the largest media exposure it's ever fired off.
    • What to watch: The Curry One is Under Armour's biggest direct challenge to Nike's dominance in the basketball shoe market. Priced at just half of what many of Nike's premium BB shoe products sell at, strong demand for the Curry One could crack the door open for Under Armour in the lucrative business.
    • Reviews: Weartesters.com, Sneakernews.com.
    | 7 Comments
  • Wed, Feb. 4, 5:11 PM
    • Under Armour (NYSE:UA) reports broad sales momentum in Q4.
    • Product revenue growth: Apparel +29.7% to $707.7M; Footwear +55% to $85.8M; Accessories +22.2% to $78.99M.
    • Global growth took off in the quarter, up 131% to $86.97M.
    • Gross profit rate -140 bps to 49.9% due in part to a higher mix of global sales.
    • SG&A expense rate -330 bps to 33.6%.
    • Guidance: Under Armour sees operating income growing 12%-15% in 2015, a mark that falls below prior guidance.
    • The company also announced it has made a stronger play in the fitness app game with the acquisitions of MyFitnessPal for $410M and Endomondo (early Jan. buy) for $85M. The combined community of registered fitness apps users for Under Armour appears to challenge Nike's fitness app tally.
    • UA -0.2% after hours.
    | 4 Comments
  • Wed, Feb. 4, 4:17 PM
    • Under Armour (NYSE:UA): Q4 EPS of $0.40 beats by $0.01.
    • Revenue of $895.20M (+31.1% Y/Y) beats by $46.24M.
    • Shares +0.57%.
    • Press Release
    | 3 Comments
  • Tue, Jan. 27, 3:42 PM
    • Apparel retailers and manufacturers could see lower costs this year as a strong dollar goes a long way toward lowering manufacturing and purchasing expenses overseas.
    • Companies which manufacture overseas or buy from global suppliers to sell largely in the U.S. are in the best position to boost their bottom lines.
    • Cotton prices have also moved in the right direction for the sector.
    • Another factor is the much cleaner inventory position many apparel retailers and department store chains find themselves in heading into the spring selling season.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, BWS, PERY, DXLG, BONT, GES, URBN.
    | 3 Comments
  • Tue, Jan. 27, 1:00 PM
    • Under Armour (UA +0.5%) hired former Nike exec Peter Ruppe to be in charge of growing its footwear business.
    • Ruppe spent 25 years at Nike in the global footwear division.
    • Under Armour footwear sales rose 50% Y/Y in Q3 to $122M, despite still being in the earlier stages of its entry into the category.
    • Basketball shoe watch: Though Under Armour took a stab at stealing Kevin Durant away from Nike only to lose out at the 11th hour, it may have caught a break. Durant has had an injury-plagued season, while UA endorser Stephen Curry is a leading candidate for NBA MVP and led all-star game voting from fans (1.513M votes to top Nike's Lebron James at 1.470M).
    | 8 Comments
  • Wed, Jan. 21, 9:20 AM
    • Telsey Advisory Group lifts its rating on Under Armour (NYSE:UA) to Outperform from Market Perform.
    • The investment firm pushes the price target on UA up to $79 from $73 on its view the stock has lagged the broad retail rally.
    • Shares of the sports apparel retailer are up +0.6% over the last 90 days vs. +9.4% for the S&P Retail ETF.
    • Also on the positive side of the ledger, the company has seen brand ambassador Stephen Curry become a leading candidate for NBA MVP this year.
    • Under Armour reports earnings on February 4.
    | Comment!
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Company Description
Under Armour, Inc., is engaged in designing, development, marketing and distribution of technologically advanced, branded performance products for men, women and youth.