Here's how the company did during its fiscal third quarter, compared with what analysts were expecting, based on Refinitiv data: It acquired the business for $475 million in 2015. Its share price was falling by more than 1.5% Friday afternoon, after initially surging more than 8%.Īlso Friday, Under Armour said it agreed to sell its MyFitnessPal workout platform to private-equity firm Francisco Partners, in a deal valued at up to $345 million. Its new outlook, though still a decline, is better than the 25.7% drop that analysts had predicted.Ĭhief Financial Officer David Bergman added the company expects to report 'slightly positive' earnings-per-share growth in 2021. Previously, it had been calling for a drop of 20% to 25% in the second half of the year.

Under Armour offered Wall Street a more upbeat outlook for 2020: It now expects full-year revenue to be down by a high-teen percentage rate. The question is, though, how long will it last? But the pandemic effects - more consumers shopping online and looking for clothes and shoes to workout in - are giving Under Armour a welcomed boost. It has been heavily reliant in the past on department stores and discount chains to sell its gear, a strategy that has hurt profitability and diluted the brand's image compared with competitors including Nike, Adidas and Lululemon. The company has been working to get back to growth on its home turf. Personal Loans for 670 Credit Score or Lower

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