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Football season is right around the corner and you can expect athletic apparel stocks to benefit --- the question is, who will lead the way? Most people will assume Nike (NKE) --- a safe assumption given the company's wide spectrum of offerings, ranging from apparel to shoes. That said, I don't think that we can overlook NKE's competitor Under Armour (UA). For those not familiar with the company, UA makes performance athletic wear, ranging from underwear to camouflage hunting wear. A majority of UA's clothing offerings are made of the company's moisture-wicking and heat-dispersing fabrics, which help keep athletes dry during workouts and competition. The company's products are available on the Internet, through catalogs, and at more than 20,000 stores nationwide. Not only is UA a major competitor to NKE, but it is also the world's leading compression sports apparel brand - holding almost 80% of market share.performance apparel posts
FeedJockStocks: Is Under Armour on the Road to Recovery?
Football season is right around the corner and you can expect athletic apparel stocks to benefit --- the question is, who will lead the way? Most people will assume Nike (NKE) --- a safe assumption given the company's wide spectrum of offerings, ranging from apparel to shoes. That said, I don't think that we can overlook NKE's competitor Under Armour (UA). For those not familiar with the company, UA makes performance athletic wear, ranging from underwear to camouflage hunting wear. A majority of UA's clothing offerings are made of the company's moisture-wicking and heat-dispersing fabrics, which help keep athletes dry during workouts and competition. The company's products are available on the Internet, through catalogs, and at more than 20,000 stores nationwide. Not only is UA a major competitor to NKE, but it is also the world's leading compression sports apparel brand - holding almost 80% of market share.Continue reading JockStocks: Is Under Armour on the Road to Recovery?
Under Armour turns apparel into performance in the second quarter
Solid performance in the earnings spotlight from Under Armour (NYSE: UA), as the company reported a surprising profit of three cents per share. Under Armour's earnings topped the consensus estimate for a loss of two cents per share and matched the company's year-ago results. Quarterly revenue increased to $164.6 million from $156.7 million a year ago.
The results were driven by a 16.5% increase ($112 million) in clothing revenue, which compensated for an 18.4% drop ($37.5 million) in footwear from a year ago. Looking ahead, Under Armour forecast 2009 earnings between 80 and 82 cents per share, better than the consensus estimate for earnings of 79 cents per share. As far as revenue is concerned, the Maryland-based firm expects $810 million compared to $804.9 from the Street.
Continue reading Under Armour turns apparel into performance in the second quarter
JockStocks: Does a recall reveal a chink in Under Armour's armor?
Earlier this week, Under Armour (NYSE: UA) issued what could be a very painful recall for both its customers and the company itself. The company voluntarily recalled more than 200,000 of its athletic cups on fears that they could break if hit -- which could then cause injury to the athlete. Last time I checked (and it has been years since I have had to use a "cup") these things were actually supposed to protect the most sensitive area of male athletes, right? If these things aren't doing their jobs, get them off the shelves. Millions of men will agree with me (I think). These cups were manufactured in China according to the U.S. Consumer Product Safety Commission and noted that UA received (brace yourselves men) "five reports of cups breaking, including an injury involving cuts and bruising." Yipes!
Continue reading JockStocks: Does a recall reveal a chink in Under Armour's armor?
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