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UA - Under Armour: Protecting The House Is Not Enough
Under Armour Inc. Class C
It has been yet another tough earnings day for Baltimore-based apparel vendor Under Armour (UA) (UAA).
The company delivered holiday quarter results that fell very close to expectations on both the top and bottom lines. The favorable margin trends persisted, as Under Armour seems to be doing a competent job at managing inventory and tightening its belt. But the share price, down about 17% for the day, did not resist a worrisome outlook for 2020 that cannot be fully blamed on the short-term headwinds caused by the spread of the coronavirus.