Nike (NKE) faces some challenges in its target markets. In the US, economic growth rates have tapered down, and the trade war could affect its China market.
Last big week of earnings kicks off with not a lot to show for it in the market The week of April 30 is an exciting one in terms of earnings, and here are 18 companies we will be watching closely: Monday McDonald’s Corporation (NYSE: MCD) – before the market opens – great year last […]
Under Armour is currently struggling to meet investors’ expectations, as it missed analysts’ estimates in 4Q16. It reported a 12% rise in revenue in the quarter, missing expectations.
Lululemon Athletica (LULU) reported its fiscal 3Q16 results after the market closed on December 7, 2016. LULU’s fiscal 3Q16 earnings per share rose 34% year-over-year to $0.47 per share, beating the consensus by $0.04.
Nike fell by 3.5% to close at $50.18 per share on October 31. Its weekly, monthly, and YTD price movements were -3.3%, -4.7%, and -19.1%, respectively.
Under Armour’s massive fall was a result of a warning that came from the company’s management regarding a slowdown in sales growth over the next two years.
Price movement Nike (NKE) has a market cap of $86.0 billion. It rose 0.37% to close at $51.22 per share on October 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.2%, -6.8%, and -17.4%, respectively, on the same day. NKE is trading 3.4% below its 20-day moving average, 7.6% below […]
Price movement Ford Motor (F) has a market cap of $47.2 billion. It rose 0.08% to close at $11.89 per share on October 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.83%, -1.8%, and -10.8%, respectively, on the same day. F is trading 1.7% below its 20-day moving average, 3.1% […]
Under Armour has maintained top line growth of more than 20% in the last 25 quarters. In October 2015, the company announced its target of $7.5 billion in sales by 2018.
Under Armour (UA) has witnessed a rise in its debt over the last few years. The company was recently penalized for its rising debt levels and high valuations.
Although it’s a relatively new player in the sportswear industry, Under Armour has given tough competition to industry pioneers such as Nike (NKE) and Adidas (ADDYY).
Under Armour’s products are sold in North America, Europe, the Middle East, Africa, the Asia-Pacific region, and Latin America. Its revenue came in at $1 billion in 2Q16.
On October 13, Nike (NKE) and Chelsea Football Club announced a long-term partnership under which Nike will become the official kit supplier for Chelsea starting next year.
Nike’s (NKE) apparel and footwear are sold in over 190 countries worldwide. However, when it comes to revenues, North America continues to be Nike’s most important market, contributing around 45% toward its total sales.
Nike fell by 0.41% to close at $59.0 per share on August 26, 2016. Its weekly, monthly, and YTD price movements were 0.17%, 6.4%, and -5.1%, respectively.
Nike has a market cap of $96.5 billion. It rose by 0.62% and closed at $57.21 per share on August 18. Nike reported fiscal 4Q16 revenues of $8.2 billion.
VF Corporation’s jeanswear segment includes the famous Lee and Wrangler brands. The company is second in terms of the worldwide market share for jeanswear.
After posting adjusted EPS growth rates exceeding 20% in the first three quarters of fiscal 2016, the earnings expectations for Nike (NKE) in the fourth quarter are modest.
Nike (NKE) is expected to post sales of $8.3 billion in fiscal 4Q16, an increase of 6.4% year-over-year, according to the Wall Street analysts’ consensus.
Foot Locker has been steadily closing down or converting its existing Lady Foot Locker stores to the new SIX:02 concept. Currently, there are 30 SIX:02 stores in FL’s retail base.
It’s easy for customers to switch between sporting goods retailers. Specialty retailers (XRT) compete on product exclusives, assortment, price points, and customer experience.
Athletic footwear brand Skechers operates around 525 company-owned retail stores around the world. Of these, around 395 are located in the United States.
Skechers (SKX) products are sold in about 160 countries. The company’s international wholesale segment was its fastest-growing segment from 2011 to 2015.
Based on Lululemon Athletica’s (LULU) healthy sales performance in fiscal 1Q17, the company has raised its sales and earnings per share outlook for the year.
Under Armour rose by 2.6% to close at $37.77 per share on June 7. Its weekly, monthly, and YTD price movements were 0.11%, -2.4%, and -6.3%, respectively.
Nike fell by 1.4% to close at $53.55 per share on June 7. The stock’s weekly, monthly, and YTD price movements were -2.7%, -8.1%, and -13.9%, respectively.
Lululemon Athletica’s (LULU) management expects its fiscal 2017 diluted earnings per share to come in at $2.05–$2.15, an implied growth rate of 10.2%–15.6% year-over-year.
On June 1, 2016, the S&P Consumer Staples Index had slightly outperformed the S&P Consumer Discretionary Index and the S&P 500 Index as a whole. These indexes had respective returns of 0.74%, -0.13%, and 0.11%.
Nike (NKE) declared a quarterly cash dividend of $0.16 per share on its Class A and Class B common stock. The dividend will be paid on July 5, 2016, to shareholders of record at the close of business on June 6, 2016.
The growing trend toward more casual apparel at work, higher sports participation, and more fitness activities for women is fueling a boom for activewear.
The athleisurewear category has had a boost from higher interest in physical well-being globally and by increased participation by women in sports and other fitness activities.
Ralph Lauren’s long-term strategies include expanding global presence, extending direct-to-consumer reach, and expanding apparel and accessory portfolio.
Under Armour raised the higher end of its 2016 operating income estimate to $503 million–$507 million, implying a growth rate of 23.1%–24.1% over 2015.
Under Armour (UA) has increasingly looked to “premiumize” its product line. Its signature Curry Two shoe retailed $10 higher than the Curry One and still experienced very strong sell-through.
Under Armour has added 250 shop-in-shops in Europe with retail partners as well as points of distribution in north and south Africa, the Middle East, and Turkey.
Under Armour’s (UA) international sales grew 55.6% to almost $150 million in 1Q16. Sales growth in overseas markets came in at 64.6% in currency-neutral terms.
Under Armour’s (UA) footwear business registered an impressive 64.2% growth (VUG) rate in 1Q16 versus 1Q15. Footwear sales came in at $264 million in the quarter.
