Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Retail 👕 » Too much supply? Under Armour facing unusual hiccup 🏋️‍♂️

Too much supply? Under Armour facing unusual hiccup 🏋️‍♂️

by Omar El Shorafa
August 4, 2022
Inventory, Margin, NYSE, Claps

The Clap
Under Armour has built up a lot of inventory due to decreasing demand due to inflation.

The Deets
According to Reuters, Under Armour cut its annual forecasts due to decreasing demand. With covid restrictions easing, a lot of products will hit stores at a time when people aren’t looking to buy unnecessary items.

Why this Matters
To not get stuck with excess inventory, Under Armour needs to lower its margins and participate in promotions and discounts.

What does this mean?
Gross margins are now expected to drop by up to 4.25% while profit is expected to be $0.47-$0.53 per share, down from $0.63-$0.68.

Adidas made a similar move last week.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Claps, FedEx, NYSE
NYSE 🔔

FedEx cutting costs 📦

by Omar El Shorafa
February 2, 2023
Claps, Tech
Tech 📲

Snap’s stock fumbles after lackluster Q4 📱

by Omar El Shorafa
February 1, 2023
Claps, Retail
Retail 👕

Nike sues Lululemon over patent infringement 🥾

by Omar El Shorafa
January 31, 2023
Claps, Airlines
Airlines ✈️

Boeing plans to boost production ✈️

by Omar El Shorafa
January 30, 2023
Claps, NYSE
NYSE 🔔

NYSE glitch halts trading on dozens of stocks 🚨

by Omar El Shorafa
January 25, 2023
Claps, Automotive
Automotive 🚗

GM sets aside battery cell plant 🔋

by Omar El Shorafa
January 23, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)