Under Armour Plans Revamp After Dour Earnings Report [Yahoo! Finance]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: Yahoo! Finance
and CEO Kevin Plank explained the company's restructuring plans going forward during an earnings call. The Baltimore-based sportswear maker announced a grim 2025 outlook, announcing that sales in North America, its largest market, fell 10%. UA expects sales to worsen, anticipating a steeper drop between 15% and 17% in its fiscal year. More from Sportico.com Under Armour Makes WNBA Star Kelsey Plum Cigar-Inspired Shoe Under Armour Taps New Balance, Nike Vet Yuron White as Head of Footwear Bryce Harper Bats Away Subpoena in Under Armour Patent Case The company also said its profits fell more than 96% during the fourth quarter of fiscal 2024 compared with the year-ago period, and sales dropped to $1.33 billion, down about 5% from $1.4 billion a year earlier. Plank blamed the rough quarter results on “a confluence of factors, including lower wholesale channel demand and inconsistent execution across UA's business,” and announced a broad restructuring plan that includes layof
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