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06.02.26 - 16:27
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Under Armour Lifts Outlook As Kevin Plank Says "Transformation Accelerating" (ZeroHedge)
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Under Armour Lifts Outlook As Kevin Plank Says "Transformation Accelerating"
We asked a perfectly reasonable question last month: Why was Fairfax Financial, under Prem Watsa (often called the "Canadian Warren Buffett"), adding significant long exposure in Under Armour equity?
Weeks later, we might know why...
Under Armour reported third-quarter results that surprised Wall Street analysts tracked by Bloomberg, posting a profit and topping revenue estimates.
Third Quarter Results (courtsey of Bloomberg):
Adjusted EPS 9.0c vs. 8.0c y/y, estimate loss/shr 1.1c
Loss per share $1.01, estimate loss/shr 9c
Net revenue $1.33 billion, -5.2% y/y, estimate $1.31 billion
Apparel revenue $934.0 million, -3.3% y/y, estimate $924 million
Licensing revenue $27.2 million, +14% y/y, estimate $23.2 million
Footwear revenue $265.1 million, -12% y/y, estimate $259.4 million
North America revenue $756.7 million, -10% y/y, estimate $750.7 million
Asia Pacific revenue $190....
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08.12.25 - 14:36
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Nike Beats Estimates by 81% While Under Armour Swings to Loss (24/7 Wall St.)
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Nike (NYSE: NKE) and Under Armour (NYSE: UA) reported recent earnings revealing two athletic brands moving in opposite directions. Nike beat estimates by 81% in Q1 FY2026 while fighting margin pressure. Under Armour missed by 116% in Q2 FY2026, swinging from profit to loss year over year. One Beat Big. One Collapsed. Nike reported $0.49 ... Nike Beats Estimates by 81% While Under Armour Swings to Loss
The post Nike Beats Estimates by 81% While Under Armour Swings to Loss appeared first on 24/7 Wall St.....
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