2017 poised to be a heavy investment year for Under Armour, but long-term investment story exists.
While Under Armour wasn’t the only athletic apparel manufacturer to face a challenging environment this past holiday season, there was little to get excited about in its fourth-quarter update. With management calling for 2017 revenue growth of 11%-12% to $5.4 billion, a sharp deceleration from 22% in 2016, and operating profit of $320 million--implying operating margins of around 6%, versus a 2014 peak of 11.5%--its fourth-quarter update calls into question its ability to properly forecast the l...
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