Search Results for: coronavirus

Wall Street Reacts: Under Armour Q419

Wall Street Reacts: Under Armour Q419

Earnings estimates on Under Armour were slashed by Wall Street in line with management's guidance with many analysts significantly reducing their outlook for 2021 as well. To many analysts, Under Armour's fourth-quarter underperformance and the dim outlook underscores the brand's challenges reviving growth against formidable competitors in North America although a few remain confident the turnaround is only delayed. (Read More)

Under Armour’s Turnaround Encounters Some Turbulence

Under Armour’s Turnaround Encounters Some Turbulence

Shares of Under Armour Inc. were trading down about 17 percent in mid-day trading Tuesday after the company guided its 2020 outlook well below Wall Street targets with no recovery now expected for North America. UA officials also said it was considering additional restructuring activities that would include abandoning its Fifth Avenue flagship in New York City. (Read More)

Vista Outdoor Shares Climb After Company Hits Key Milestone

Vista Outdoor Shares Climb After Company Hits Key Milestone

Shares of Vista Outdoor Inc. jumped 11.7 percent Thursday following the company’s upbeat earnings report that included its first quarter of positive organic revenue growth since extensive transformation efforts began in 2018. Though the company’s stock dipped Friday morning, the accomplishments of the previous quarter provided a much-welcomed boost for the Anoka, MN-based company. (Read More)

Columbia Sportswear’s Q4 Impacted By Promotional Climate

Columbia Sportswear’s Q4 Impacted By Promotional Climate

Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street's consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, "A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity." (Read More)

2020 Outdoor + Snow Show Recap

2020 Outdoor + Snow Show Recap

Growing concern over the coronavirus, sharpened focus on participation and climate, and restored faith in the outdoor trade show lineup were among SGB Executive’s top takeaways from last week’s Outdoor + Snow Show in Denver, CO. Here’s what emerged from three days of walking the show and talking with dozens of industry stakeholders. (Read More)

Archives

Categories

Pin It on Pinterest