As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery
As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery - Hallo World !!! News Today in World, In this article you read by title As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery, We've prepared this article well so you can read and retrieve information on it. Hopefully the contents of the post
Article Salisbury News, What we write can you understand. Okay, happy reading.
Title : As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery
link : As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery
You are now reading the article As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery With link address https://newstoday-ok.blogspot.com/2017/11/as-under-armour-collapses-ceo-builds.html
Title : As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery
link : As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery
news-today.world | Earlier, we reported on Under Armour’s epic stock collapse down over -75% from its September 2015 highs. This is one stock Central Bankers forgot to buy. Today’s stock crash -15% is being felt across Baltimore once again, city streets are eerily calm, as the latest round of millennials who ‘bought the dip’ called in sick this morning. Something tells us, the avocado and toast breakfast will be sadly missed by many….
Bloomberg sums up today’s terrible earnings report blamed on ‘shortfall on operational disruptions from a recent technology systems transition’, and also provides a dismal macro outlook for the company.
Even international’s 34% constant currency growth represents “significant deceleration” from 2Q’s 54% growth, Nikic writes in note.
Gross margin (GM) continue to come under pressure (down 130bps y/y in 3Q), and 4Q forecast implies even worse margin erosion: GM implied down 350-400bps, which would be 4th straight year 4Q GM declined >150bps, would result in 1,000bps of cumulative erosion since 4Q13.
UAA business continues to come under pressure due to macro headwinds, off-trend product assortment (focus on technical/performance rather than casual/lifestyle), internal operational issues warranting underperform rating.
In terms of trades, Kevin Plank (CEO) appears to be a genius - selling stock at highs. According to his Form 4s, he’s sold over $145 million worth of paper even during the stock collapse.
More
Bloomberg sums up today’s terrible earnings report blamed on ‘shortfall on operational disruptions from a recent technology systems transition’, and also provides a dismal macro outlook for the company.
Even international’s 34% constant currency growth represents “significant deceleration” from 2Q’s 54% growth, Nikic writes in note.
Gross margin (GM) continue to come under pressure (down 130bps y/y in 3Q), and 4Q forecast implies even worse margin erosion: GM implied down 350-400bps, which would be 4th straight year 4Q GM declined >150bps, would result in 1,000bps of cumulative erosion since 4Q13.
UAA business continues to come under pressure due to macro headwinds, off-trend product assortment (focus on technical/performance rather than casual/lifestyle), internal operational issues warranting underperform rating.
In terms of trades, Kevin Plank (CEO) appears to be a genius - selling stock at highs. According to his Form 4s, he’s sold over $145 million worth of paper even during the stock collapse.
More
That's an article As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery
Fine for article As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery This time, hopefully can benefit for you all. Well, see you in other article postings.
You are now reading the article As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery With link address https://newstoday-ok.blogspot.com/2017/11/as-under-armour-collapses-ceo-builds.html