As a result of its increasing profits over the past year, which has seen the stock double, Under Armour is now in a position where it can become a true power in the sporting-apparel industry in the near future.
COO of Under Armour Wayne Marino sold 30,000 shares of UA on 11/19/2010 at an average price of $54 a share.
Under Armour's net income in the third quarter rose 33 percent to $34.9 million, from $26.2 million, in the year-earlier quarter. Sales rose 22 percent to $328.6 million, topping the $322.4 million analysts had expected.
The N.C. High School Athletic Association has announced an agreement naming Under Armour the official outfitter and supplier of athletic apparel, accessories and footwear for its 390 member schools. The multi-year agreement gives Under Armour the ability to provide apparel and footwear to the NCHSAA's more than 200,000 student-athletes.
Under Armour reported its fiscal results for the second quarter, posting revenue of $204.8 million, a 24% increase from the $164.6 million in the same quarter of the year before. Its net income for the quarter was $3.5 million, up from $1.4 million the year before.
Baltimore-based Under Armour may decide to jump on a sponsorship for a Tour de Maryland if it indeed comes to fruition in 2012 or soon after. The company cited the international audience exposure for a title sponsor as its main motivation, as company executives have discussed the importance of a growing international presence in recent years.
Under Armour reported its fiscal results for the first quarter of 2010, announcing a net revenue of $229.4 million compared to $200.0 million the year before. Its net income was $7.17 million, an increas from the $3.96 million in net income the year before.
Under Armour's management has been struggling lately due to a misstep on its latest footwear that has damaged its reputation for new-product launches and has hurt its recent financial performance
UnderArmour released its fourth quarter financial results, announcing a revenue of $222.2 million, a 24% increase from the year before, driven by a 26% increase in revenue from the company's apparrel segment.
GGI Worldwide, which has struggled with revenue lately due to factors like the recession and decreased business from Anheuser-Busch, has reached an agreement with Under Armour that it expects will provide a boost to its sales
In the two months since October 29, 2009, SmarTrend has identified a DownTrend for UA, which has dropped from $26.80 to $25.86, well below its 50-day moving average of $28.08
Minnesota based Bite Tech has joined with Under Armour to release a new line of performance mouthwear - a line of custom mouthpieces and mouthguards expected to enhance athletic performance
Brandon Jennings, the star NBA guard for the Milwaukee Bucks, is sponsored by UA and was expected to provide them with a sales boost following his success early in the season. And although the company expects his success to lead to a spike in sales down the road, company spokesmen have stated that it has not yet made a noticeable positive impact on the company
Despite falling consumer confidence, Dick's sales have picked up in Q3 and UA has benefitted from it, as its sales at Dick's have tripled in that quarter
Under Armour is promoting its new product ColdGearMock, which is meant to be worn under sports clothes during cold weather. It launched a website that changes according to the temperature to mimic the apparel's purpose
Under Armour announced figures for Q3 2009, citing a revenue of $296.6 million and a net income of $26.2 million
Decker (DECK) sees struggles for Under Armour in the future due to its lack of growth opportunities. UA gets 53% of revenue from sales in male apparel, and is beginning to see competition from companies like Nike and Champion. Further, UA depends almost exclusively on Dick's and Sports Authority, meaning its own financial destiny is pretty much out of its own hands.
KeyBanc Capital Markets downgraded UA from "Hold" to "Underweight," saying that the results from the company's expansion into footwear may be delayed until late 2010. The analyst said that UA has the potential to double its revenue within 3-5 years, however.
UA introduced the Recharge compression suit, priced at $200, which is designed for athletes to wear for 24 hours after major workouts. The company says the product helps to reduce swelling and soreness time.
Under Armour will partner with Cal Ripken Jr. to become the official uniform provider for Ripken Baseball, extending the company's reach to young athletes. The agreement is to last 5 years and covers the 25 Ripken youth tournaments which draw 35,000 players.
UA announced that the company will launch its first running shoe line on Saturday. "We're dead set on becoming the world's No. 1 performance brand and running is a part of that," said Steve Battista, senior vice president of brand at Under Armour Inc. The new line will consist of six running shoes, priced between $85 and $120.
Faced with a challenging consumer market, Under Armour reported 2008 Q4 income fell to $8.3 million from $16.9 million in 2007.
The cubs filed a lawsuit in Illinois alleging that Under Armour breached a five year sponsorship contract worth $10.8 million.
Under Armour provided guidance for fourth-quarter earnings in the range of 16 cents to 18 cents a share, compared with the profit of 49 cents a share that analysts polled by Reuters have anticipated. The lower earnings reflect weak retail spending amid the 2008 recession.
Under Armour launched their first line of running shoes.
UA announced that it will launch its line of running shoes during Super Bowl weekend 2009, in a move to further diversify its business into athletic footwear.
UA reported a 28% increase in net income in Q3 2008, driven primarily by a 26.5% increase in sales as the company continues its rampant expansion.
Q2 sales increased 30% from a year earlier, primarily because of a successful launch of its performance training footwear. However, the company's net income decreased to $1.4 million from $5.7 million a year earlier.
UA releases its first quater report for 2008. The apparel unit exibited 25% in earnings growth for Q1 2008, however inventory has increased quarter on quarter, by $1.8 million.
In the early trading hours, Under Armour, Inc was trading at around 50 times analysts' 2008 earnings estimate of $1.31 a share, becoming a very ‘pricey stock’
Net income at Under Armour more than doubled, to 11 cents a share from 5 cents a share in the year ago quarter.
Speculation hit message boards that Nike is planning an offer for Under Armour at a substantial premium to the market price