underarmour
The founder of sporting goods manufacturer Under Armour, Kevin Plank, is returning to the top job after a four year hiatus. The 51-year-old will take over as chief executive officer again on April 1, Under Armour announced on Wednesday. Plank moved to the top of the Board of Directors in autumn 2019. There had previously been negative media reports about the corporate culture at Under Armour. The Wall Street Journal had reported that Plank and other managers had taken athletes and employees to strip clubs. Under Armour, which Plank founded in 1996, has recently been struggling with declining s...
DPA Breaking News
Key Points Shares of Under Armour are trading lower in Tuesday’s session following first quarter 2023 earnings results.2023 guidance pointing to disappointing EPS and revenue growth may have upset some investors; the new CEO plans to turn things around for the brand, as she successfully did with Marriot International.Under Armour stock is at a decade-long discount to these fundamental metrics; management has been buying back over 16 million shares, accruing to undervaluation evidence. These technical levels allow investors to go hand in hand with the next rally.5 stocks we like better than Und...
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Washington (AFP) - American athletic apparel company Under Armour on Monday agreed to pay $9 million to settle charges by US financial regulators that it misled investors about its revenues. The Securities and Exchange Commission (SEC) said that for six quarters from the third quarter of 2015 through 2016, Under Armour inflated sales to meet analysts' expectations. Faced with missing those revenue targets, the company pulled forward $408 million in orders customers had requested for future quarters, the SEC said in a statement. Under Armour, which sponsors American football player Tom Brady, b...
AFP
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GlassHouse Research’s short report on Columbia Sportswear Company.Q3 2020 hedge fund letters, conferences and moreWho is GlassHouse Research? GlassHouse Research (GHR) purpose is to expose public companies that have been taking advantage of US GAAP as well as IFRS accounting for their benefit. We seek to find companies where GAAP (or even worse, non-GAAP) earnings are deviating from true economic earnings of the target firm.Overall, we search for evidence of a “culture of fraud” within public companies.Initiation of Columbia Sportswear Company (COLM) with a Target Price of $45.29 (51% downside...
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