Featured Story

Under Armour Posts Slowest Sales Growth In Six Years During Q3, But Profit Up 28%

Published in SportsBusiness Daily on 10 / 25 / 16

Under Armour this morning "reported its slowest quarterly sales growth in six years, hurt by slowing growth in North America, its biggest market," according to Kuruthukulangara & Ganesan of REUTERS. Research agency Conlumino retail analyst Carter Harrison said that although net sales in Nor...

Read More

Tags: Finance, Under Armour

More Stories

Chinese Looking At WME-IMG, CAA

As Chinese media execs are "circling Hollywood firms looking for more movie-industry deals," one such exec is "discussing having his company make an investment" in WME-IMG, according to sources cited by Claire Atkinson of the N.Y. POST. Sources said that the most likely partners for WME-IMG "might b ...

Tags: Finance

Under Armour Sees Huge Q1 Profit

Under Armour's Q1 profits rose 63%, "boosted by strong apparel and footwear sales and prompting the company to raise its outlook for the year," according to Ryan Sharrow of the BALTIMORE BUSINESS JOURNAL. UA reported net income of $19M during the quarter, up from $12M in the prior-year per ...

Tags: Finance, Under Armour

Fidelity Makes $55M Investment In WME-IMG

Fidelity Management is making a $55M investment in WME-IMG following earlier investments by Silver Lake and Softbank, which the agency will use to "advance its global growth strategy through new investments, acquisitions and joint ventures," according to James Rainey of VARIETY. Softbank's $250M "in ...

Tags: Finance, IMG, Fidelity Investment

Vestis Retail Files For Chapter 11 Bankruptcy

Vestis Retail Group, which owns sporting goods retailers across the country, yesterday said that it "has filed for Chapter 11 bankruptcy protection," two days after its California-based Sport Chalet "initiated store-closing sales at its 47 locations and stopped all online sales operations, ...

Tags: Finance

Are Disney Investors Too Focused On ESPN?

Shares of Disney are on the upswing due to a "boost from the weekend box office,” but investors could be "discounting Disney’s movie division and putting too much emphasis on ESPN,” according to CNBC's Scott Wapner. Disney's “The Jungle Book” recorded the &ldq ...

Tags: Finance, ESPN

Daytona Rising Helps ISC With Strong FY Q1

The opening of Daytona Rising led to a strong Q1 for ISC, but projected softness for the next quarter and TV ratings drops so far this NASCAR season led to sharp questioning from analysts. For the three months ended Feb. 29, during which ISC’s races were all at Daytona Int’l Speedway, IS ...

Tags: Finance, International Speedway Corp.

Dr Pepper Snapple Ups Stake In BodyArmor

Dr Pepper Snapple Group has "boosted its ownership stake" in sports drink BodyArmor, raising its stake from 11.7% to 15.5%, according to Karen Robinson-Jacobs of the DALLAS MORNING NEWS. The company said that its additional $6M stake builds on the initial $20M investment announced la ...

Tags: Dr Pepper Snapple Group, Finance, BodyArmor

SoftBank Group Invests $250M In WME-IMG

Japanese tech outfit SoftBank has made a $250M investment in WME-IMG "in a deal that values" the company at $5.5B, according to a front-page piece by Garrahan & Massoudi of the FINANCIAL TIMES. The deal "represents a steep increase in the value of WME-IMG over the past two years." SoftBank joins ...

Tags: Finance, IMG

Nike's Q3 Profits Grow By 20%

Nike earned $950M in Q3, 20% "more than last year" and nearly $100M "more than analysts' consensus expectation," according to Jeff Manning of the Portland OREGONIAN. The company's $8B in sales for the quarter, while up 8% over last year's Q3, "fell short of the" $8.2B consensus analyst expectation. ...

Tags: Nike, Finance

Under Armour BOD Approves Stock-Split Plan

The Under Armour BOD has "approved the issuance of a new class of stock that will ultimately be a 2-for-1 stock split for shareholders," according to Ryan Sharrow of the BALTIMORE BUSINESS JOURNAL. The Class C stock will be "issued through a stock dividend." Under the split, UA will "dole out o ...

Tags: Finance, Under Armour

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug