UA - Under Armour Hopes to Win Back Retailer Shelf Space
The bar was set low for Under Armour's (NYSE: UA) (NYSE: UAA) fourth-quarter earnings results, but investors were still shocked to see the sports apparel titan's latest operating and financial trends. Weak sales growth translated into more market-share losses over the holiday shopping period. The struggles aren't expected to go away soon, either, as the company projected another tough transition year in 2020.
In a conference call with Wall Street analysts, CEO Patrik Frisk and his team explained the main factors behind the operating slump and what Under Armour plans to do to turn the business around over the next year.
Let's look at a few highlights from that presentation.