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Under Armour Inc. (Class A)Under Armour Inc. (Class A)Under Armour Inc. (Class A)

Under Armour Inc. (Class A)

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Under Armour Reports 38% Decrease in Net Income for Fiscal 2024Under Armour (NYSE: NYSE:UAA ), an athletic performance apparel brand, has reported a 38% decrease in net income for fiscal 2024 (FY 2024) from $374.45m in fiscal 2023 (FY 2023). The company's adjusted net income stood at $245m, and its diluted earnings per share also declined to $0.52, compared to $0.81 in fiscal 2023. For the year ending 31 March, Under Armour's ( NYSE:UAA ) revenue reached $5.7bn, marking a 3.4% decrease from $5.9bn a year earlier. Revenue in North America dropped by 8.3% to $3.5bn while international revenue rose by 8% to $2.2bn over the fiscal. The retailer's direct-to-consumer segment showed resilience, with a 3% increase in revenue to $2.3bn. This growth was attributed to a 5% rise in owned and operated store revenue and a 1% uptick in e-commerce revenue, which now represents 41% of the direct-to-consumer business. Under Armour's ( NYSE:UAA ) gross profit remained relatively stable at $2.63bn in FY 2024, compared to $2.64bn in the previous year. The company's gross margin improved by 130 basis points to 46.1%, largely due to supply chain efficiencies that reduced freight and product costs. Under Armour's ( NYSE:UAA ) board of directors has approved a restructuring plan to boost its financial and operational efficiencies, expected to cost the company between $70m and $90m. Under Armour ( NYSE:UAA ) president and CEO Kevin Plank said that despite a challenging retail environment in fiscal 2024, the company demonstrated disciplined expense control and delivered results that were aligned with its previous outlook. He also maintained a strong balance sheet, closing the year with a solid cash position and healthy inventory levels. Looking ahead to fiscal 2025, Under Armour ( NYSE:UAA ) anticipates operating income to be between $50m and $70m, with diluted earnings per share expected to range from $0.02 to $0.05. The past eight years for Under Armour ( NYSE:UAA ) have been a struggle that doesn't appear to be abating. The company announced a restructuring of its business as its North America sales in its most recent quarter tumbled 10%. Looking ahead, the company cast a dour forecast for its current fiscal year, expecting sales to drop 15% to 17%. Layoffs will be part of the effort to right the ship, but executives did not specify how many employees will lose their jobs. Under Armour ( NYSE:UAA ) also announced a $500 million share buyback, a move to reward shareholders. Plank told analysts during the earnings call on Thursday that he will shepherd a reset of the business that centers on selling fewer but more innovative products to meet the needs of athletes, significantly accelerating product development, refocusing on its men's apparel category, and reducing discounts of its products.
NYSE:UAALong
by DEXWireNews
UA still an amazing pick for 2024UA completed this bullish harmonic over 8 months ago. It hit our first tp of the trade set up before falling below the key level where we were stopped out. We do not have an open leveraged position on this asset but we are accumulating it at these levels as it has turned bullish again. The spring back above the key level and the backtest that has occurred indicate that it is ready to go. Above 6.5 it is bullish, we are creating bullish divergence also.
NYSE:UAALong
by SynergyTradingSetups
(NYSE: UAA) Under Armors' Revenue is Under Pressure Under Armour Inc (NYSE:UA) shares rose after the sportswear maker reported second-quarter earnings that exceeded analysts’ expectations, as well as its own. However, while it maintained its outlook for full-year earnings, it lowered its revenue expectations due to challenges in North America, its biggest market, during the back half of the year. For the three months to September 30, 2023, the company posted flat revenue of $1.6 billion as revenue increases in EMEA and the Asia Pacific region made up for declines in North America and Latin America. Revenue from apparel and accessories rose, compensating for a decline in footwear revenue. Diluted earnings per share (EPS) rose 26% to $0.24. The company has guided for full-year 2024 revenue to be 2% to 4% down versus its previous expectation of flight to slightly higher. However, it expects a gross margin of 100 to 125 basis points against its previous guidance of 25 to 75 basis points. It still expects to achieve diluted EPS of between $0.47 and $0.51. Technical Analysis UAA is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum as you can see depicted on the trendline.
NYSE:UAALong
by DEXWireNews
Under Armour has posted a double bottom.Under Armour Inc - 30d expiry - We look to Buy at 7.05 (stop at 6.71) Posted a Double Bottom formation. 6.97 has been pivotal. 7.00 continues to hold back the bears. Bespoke support is located at 7.00. Dips continue to attract buyers. We expect prices to stall close to our bespoke level (7.00). Our profit targets will be 7.90 and 8.10 Resistance: 7.65 / 7.88 / 8.00 Support: 7.36 / 7.20 / 7.00 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:UAALong
by VantageMarkets