Under Armour Inc (NYSE:UA) has announced founder Kevin Plank will return to the helm of the sportswear company next month. Having set up Under Armour in 1996 and served as chief executive until 2019, Plank will replace Stephanie Linnartz, who is set to step down after little over a year. “I feel honoured to have served as Under Armour's President and chief executive,” Linnartz said.  “I am proud of our progress against our strategic plan, including strengthening our team, evolving our products and marketing ...

Apparel maker Under Armour said Wednesday that founder Kevin Plank will return to the company as CEO, effective April 1.The company’s shares rose 6% to $8.26 after the bell.Kevin Plank is returning as CEO of Under Armour. AFP/Getty ImagesUnder Armour shares rose 6% after hours. REUTERS Plank founded Under Armour in 1996 and served as the company’s top boss till 2019. In January 2020, Plank was appointed as the company’s executive chair and brand chief.Under Armour said Plank would succeed Stephanie Linnartz ...

Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018.Under Armour founder Kevin Plank will return as CEO more than four years after leaving the post, the athletic apparel retailer said Wednesday. Plank will take over effective April 1 and will succeed Stephanie Linnartz, who will stay on with the company as an advisor through the end of April. Plank, currently chair of the company's board, will remain a director but will hand over the chair position to Mohamed ...

Kevin Plank to Become Chief Executive Officer; Mohamed A. El-Erian, Under Armour's Lead Director, Named Chair of the Board BALTIMORE, March 13, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that Kevin Plank will become President & Chief Executive Officer, effective April 1, 2024. Plank will succeed Stephanie Linnartz, who will be stepping down as President & Chief Executive Officer and member of the Board. In connection with Plank's appointment, Dr. Mohamed A. El-Erian, an independ ...

Key PointsUnder Armour boosted gross margins by 100 bps to 45.2% and lowered inventories by 9.1% to $1 billion in fiscal Q3 2024, lifting EPS forecasts.Under Armour developed a new performance stretch fabric, NEOLAST, a sustainable alternative to spandex, to launch in 2024.Under Armour stock trades at just 9x earnings compared to Nike at 30x and Lululemon at 59x.5 stocks we like better than Lululemon AthleticaSports apparel and footwear company Under Armour Inc. (NYSE: UAA) gave shareholders a shot of optim ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs.Soft demand in North America and a slowdown in wholesale orders led revenue to drop 6% during the period, but the company posted big gains in its gross margin.Under Armour now anticipates full-year sales will decline slightly more than it previously expected. Even so, it ...

Under Armour Inc (NYSE: UAA) is up 9.0% in premarket on Thursday after reporting mixed results for its third financial quarter.Under Armour’s guidance for fiscal 2024Copy link to sectionInvestors are content also because the management issued upbeat earnings guidance for the full year. Under Armour now forecasts its revenue to be down 3% to 4% in 2024 on up to 52 cents of adjusted per-share earnings. Analysts, in comparison, were at a 2.8% hit to revenue on 49 cents of adjusted EPS. Stephanie Linnartz – the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 ______________________________________ UNDER ...

BALTIMORE, Jan. 25, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release its third quarter fiscal 2024 (ended December 31, 2023) results on February 8, 2024, at 6:55 a.m. Eastern Time (ET). Following the news release, Under Armour management will host a conference call at approximately 8:30 a.m. ET to review results. This call will be webcast live and archived at https://about.underarmour.com/investor-relations/financials. About Under Armour, Inc. Under Armour, Inc., headquartered in Bal ...