UAA - Under Armour CEO: Inventory management and better product launches drove earnings

Under Armour CEO Patrik Frisk said Tuesday that inventory management and an improved ability to launch products allowed it to beat expectations with its latest quarterly earnings. Speaking to CNBC, Frisk also predicted a "robust" back-to-school season and expressed confidence in the company's ability to "execute through the pandemic," even if some COVID restrictions return. Frisk's remarks followed the release of Under Armour's (NYSE:UAA) quarterly results earlier in the day. The company beat expectations on its top and bottom lines. It also raised its forecast for the full year. Commenting on the results, Frisk said the company drove margin improvement by keeping inventory levels down. The restrained supply added to its pricing power, he explained. At the same time, the Under Armour CEO argued that the firm has "gotten better at launching franchises into the market," while also taking advantage of brand recognition for some of its legacy products. On

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Under Armour CEO: Inventory management and better product launches drove earnings