Under Armour Under the Weather As Imports, Inventories and Sales Decline — Panjiva
Más

Panjiva_research_logo

Under Armour Under the Weather As Imports, Inventories and Sales Decline

Cons. Discr. - Apparel 214 Earnings 365 U.S. 3310 Vietnam 155

Under Armour reported 4Q revenues that fell 1.8% year over year as well as a 12.0% drop in inventories. The main culprit for lower sales was North America. The decline shouldn’t be a surprise given the firm’s U.S. seaborne imports fell 19.6% year over year in 4Q. Among the firm’s main product lines clothing did slightly better with a drop of 10.7% while shoes fell 17.0% – accessories made up the balance. Looking ahead the situation may not be much brighter given imports fell 38.6% year over year in January.

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.