Under Armour Ends Fiscal 2018 on a High Note as It Enters Final Year of Its Restructuring Efforts
Narrow-moat Under Armour ended fiscal 2018 with a solid quarter and we do not anticipate changing our $20 fair value estimate. Under Armour completed its restructuring efforts and entered the final year of its Protect This House initiative, which has helped it improve its go-to-market process, reduce SKUs, and establish stronger regional structures to foster international growth. These efforts give us confidence in our long-term forecast calling for high-single-digit sales growth on a high-singl...
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