Armour Inc, the Baltimore-based active wear brand reported net
income for the quarter ended Dec. 31 of $110 million, or 23 cents a share,
compared with $184.5 million, or 40 cents a share, a year earlier. There were
$14 million in restructuring and impairment charges in the quarter, so
excluding onetime items; it earned 14 cents a share, beating analysts’
estimates of 7 cents.
overall rose 9 percent to $1.5 billion, which the company attributed to a
“solid performance” in its owned and operated stores and a 4 percent growth in
e-commerce, which represented 42 percent of its total direct-to-consumer
business during the quarter.
saw strong demand for its products, while higher prices for hoodies and
leggings offset some pandemic-related supply chain disruptions. However, the
company noted profit margins may shrink in the current quarter due to freight
of Under Armour Inc were
down 8.9% at $18.22 Friday morning.
closed Friday trading down at $17.51, (- $2.50 or -12.49%).
Read the article.... .“Under
Armour Earnings Expectations!”
Profits on the Under Armour Inc Trade.....
Options USA Members entered this trade on Monday, February 07, 2022 for
approximately $0.89; and on Thursday the price was at $1.40.
Armour Inc Options Call trade provided a potential profit of 57%.
CLICK HERE to join in future profit.