Under Armour's 2017 Outlook Concerning, but Long-Term Investment Story Exists; Shares Under Review
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...Under Armour is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth. The company provides HEATGEAR?, which is designed to be worn in warm to hot temperatures under equipment or as a single layer; and COLDGEAR?, which is designed to wick moisture from the body while circulating body heat from hot spots to help maintain core body temperature. The company's footwear products include running, basketball, cleated sports, slides, training, and outdoor. The company provides digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal and Endomondo applications.
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