under armour inc-class a (UA) Key Developments
Under Armour Launches Major MapMyFitness App Portfolio Upgrade For iOS 8
Sep 18 14
Under Armour announced that the company unveiled major app upgrades for iOS 8. The updates are packed with the latest health and fitness features including all-day activity tracking. The award-winning suite of apps, including MapMyRun, MapMyRide, MapMyFitness, MapMyHike, MapMyWalk, and Under Armour Women are available for download from the App Store (mmf.cc/mapmyrunupdate), and highlight the company's open approach with direct connectivity to top Connected Fitness devices. With the new 24/7 Activity Graph feature, members can view all-day activity including steps, sleep, workouts, total distance, calories burned and more. The data is collected by connecting a compatible 24/7 activity tracking device, such as the Jawbone UP and Withings Pulse, or by using the M7 or M8 motion coprocessor available in the iPhone 5s, iPhone 6 and iPhone 6 Plus. Unique to the update is a data unification feature, which provides a single view of daily fitness, removing duplication if a workout was simultaneously tracked with a wearable and the app. This feature is in high demand, as athletes increasingly use activity trackers for daily fitness, but use GPS capabilities on MapMyRun and MapMyRide for tracking workouts.
Under Armour, Inc. Presents at Goldman Sachs 21(st) Annual Global Retailing Conference, Sep-03-2014 11:20 AM
Aug 27 14
Under Armour, Inc. Presents at Goldman Sachs 21(st) Annual Global Retailing Conference, Sep-03-2014 11:20 AM. Venue: The Plaza Hotel, New York, New York, United States. Speakers: Kevin A. Plank, Founder, Chairman, Chief Executive Officer and President.
Virginia Military Institute Signs Agreement with Under Amour
Aug 19 14
Virginia Military Institute announced that it has signed an exclusive agreement with Under Armour, making the company the official supplier and outfitter of VMI Athletics. VMI is the first NCAA Division I school in Virginia to sign such an agreement. The agreement gives Under Armour the right to provide game and training gear to the cadets on VMI's 18 NCAA teams as well as to coaches and members of the athletics department staff. It also includes marketing and promotional opportunities and access to partner-only designs. The partnership will be implemented in concert with BSN Sports of Salem, Va.
Under Armour, Inc. Appoints George W. Bodenheimer as Board of Director
Aug 5 14
Under Armour, Inc. announced that George W. Bodenheimer, former President of ESPN, Inc., has joined the Company's board of directors. Mr. Bodenheimer is an ESPN and cable industry pioneer, having served as the company's longest-tenured President from 1998 to 2012, during which time he led an unprecedented period of global growth. Affiliated with ESPN since 1981, Mr. Bodenheimer served in a number of key executive roles throughout his career, including as Co-Chairman of Disney Media Networks, President of ABC Sports, President of ESPN and in a variety of senior sales and marketing positions prior to his appointment as President. He most recently served as Executive Chairman of ESPN, before retiring from the company in May 2014.
Under Armour Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Raises Earnings Guidance for the Full Year 2014
Jul 24 14
Under Armour announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net revenues were $609,654,000 against $454,541,000 for the same period in the last year. Income from operations was $34,694,000 against $32,310,000 for the same period in the last year. Income before income taxes was $33,714,000 against $30,802,000 for the same period in the last year. Net income was $17,690,000 or $0.08 diluted per common share against $17,566,000 or $0.08 diluted per common share for the same period in the last year. Total net sales were $589,496,000 against $442,896,000 for the same period in the last year.
For the six months, net revenues were $1,251,261,000 against $926,149,000 for the same period in the last year. Income from operations was $61,550,000 against $45,802,000 for the same period in the last year. Income before income taxes was $58,850,000 against $43,809,000 for the same period in the last year. Net income was $31,228,000 or $0.14 diluted per common share against $25,380,000 or $0.12 diluted per common share for the same period in the last year. Total net sales were $1,214,342,000 against $905,287,000 for the same period in the last year. Net cash used in operating activities was $45,666,000 against $90,476,000 for the same period in the last year. Purchases of property and equipment were $68,901,000 against $39,696,000 for the same period in the last year. Purchases of other assets were $260,000 against $475,000 a year ago.
The company expects 2014 net revenues in the range of $2.98 billion to $3.0 billion, representing growth of 28% to 29% over 2013, and 2014 operating income in the range of $343 million to $345 million, representing growth of 29% to 30% over 2013. The company currently anticipates an effective tax rate of approximately 40.5% for the full year, compared to 37.8% for 2013. The company had previously anticipated 2014 net revenues in the range of $2.88 billion to $2.91 billion, representing growth of 24% to 25% over 2013, and 2014 operating income in the range of $331 million to $334 million, representing growth of 25% to 26% over 2013.