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    Andrew's Share Price Dropped Sharply Because Of Them.

    2016/5/10 11:28:00 168

    AndrewShare PriceDown

    Recently, the chief sales officer, Henry Stafford and chief digital officer Robin Thurston, announced the departure of Andrew, Andemar's share price fell by 7.7%.

    The Michael Lee, the co founder and MyFitnessPal co founder of the group's calorie calculator and food tracking application in 2015, will replace Robin Thurston, and the position of chief sales officer will be temporarily concurrently hosted by Chief Marketing Officer Kip Fulks.

    The chief sales officer, Henry Stafford, has been serving Under Armour Inc. Andrew for 6 years. He has served as the head of the largest category clothing team and President of North America.

    group

    One of the strong contributors of this stage.

    Research Institute The NPD Group sports industry analyst Matt Powell pointed out that Henry Stafford set up a very good team in UA, is a rare talent, he believes that the team can continue the direction and concept of Henry Stafford.

    Robin Thurston joined the group with the acquisition of MapMyFitness in December 2013.

    After the personnel changes, Brean Capital LLC downgraded Under Armour Inc. (NYSE:UA) from "buy" to "hold" and expressed concern about the group's senior executives who had been highly skilled in the past few months, such as former chief financial officer, Brad Dickerson, and so on. They believed that the risk faced by the group in the short run and the recent consolidation and closing trend of us sporting goods retailers could lead to increased sales and falling prices were negative factors.

    KeyBanc Capital Markets analyst Jessica Schmidt also pointed out that the above situation is noteworthy. She also believes that the current Under Armour Andrea brand still maintains a strong momentum, so giving Under Armour Inc. (NYSE:UA) is equivalent to "holding" rating.

    Sterne Agee CRT analyst Sam Poser said that the two important executives of Under Armour Inc. Andrew were both coincidentally, and they all had non competitive terms. He believed that the reserve team of the group was strong in quality and its performance would continue to improve, so it was suggested that customers should remain optimistic in the next 18 months.

    Under Armour Inc. Andrea is in the latest one.

    quarter

    Revenue grew 30.2% to $1 billion 47 million 700 thousand, slightly higher than the market expected $1 billion 40 million.

    Although the two quarter was released by Morgan Stanley (NYSE:MS) Morgan Stanley analyst Jay Sole, the market share of the largest category of clothing and the growth of footwear sales slowed down, but it is undeniable that Under Armour Inc. Andrea has been growing for 20% consecutive quarters in the past twenty-fourth quarters, that is, in the past 6 years.

    The growth rate of 30.2% in the first quarter also extended the strong momentum of the four quarter of 30%+, but some data in the first quarter confirmed Jay Sole's view.

    The sales of Under Armour Inc. Andrea, which started with rugby sportswear, rose 20% to 666 million 600 thousand dollars over the same period last year, rising 22.2% in the fourth quarter. However, the proportion of clothing business decreased from 63.6% in the four quarter to 63.6% in the four quarter. The footwear increased from 14.3% in the four quarter to 25.2%, an increase of more than 10 percentage points.

    If this reflects the group's active development of footwear and accessories to reduce dependence on clothing is a good thing, then the growth rate of footwear from 94.5% in the four quarter to 64.2% is not good news.

    However, the group is confident of the prospect, raising its annual revenue target from US $4 billion 950 million to US $5 billion, which means that it will grow 26% over the 2015 fiscal year and the market expects us $4 billion 980 million.

    The latest operating profit is expected to be 5.03-5.07 billion, originally expected to be 503 million dollars.

    At the same time, in the past two years in the United States to catch up with the local market.

    Adidas

    AG (ADSGn.DE) Adidas group has become the second largest sporting goods group in the country Under Armour Inc. Andrea needs to face the challenges posed by the strong recovery of the former.

    In the first quarter of last year, Adidas AG Adidas group achieved a 31% increase in sales of Adidas Adidas brand in North America, of which the US growth rate reached 50%. The Herbert Hainer, CEO of Adidas AG Adidas group, who left office at the end of September, repeatedly praised the company. He said the results showed that the group's investment in this important market has been rewarded.

    The NPD Group sports industry analyst Matt Powell thinks Adidas AG Adidas brand is especially good in lifestyle runners, classic and casual shoes.

    Under Armour Inc. (NYSE:UA) closed at $39.46 on Wednesday, down 7.65% from a full day, but rebounded 0.61% later.


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