Under Armour Continues to Execute Restructuring Plan With International Growth Being a Key Driver
With shares jumping 25% after third-quarter results, Under Armour is now trading near our $21 fair value estimate. In our view, Under Armour’s restructuring efforts focused on reducing planned promotional events and supply chain initiatives (reduced SKUs, vendor consolidation, and a new ERP system) are the key highlights from the quarter. Looking ahead, we believe Under Armour's new inventory management and marketing strategies will allow the firm to further expand internationally while supporti...
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