Under Armour reported a stellar first quarter of 2021 surpassing the analyst estimates owing to strength in North America as well as abroad. The management is confident about full-year 2021 revenues increasing by a high-teen percentage with e-commerce being a strong growth driver. From a marketing and consumer engagement perspective, the company’s global campaign, The Only Way is Through, is delivering a singular Under Armour voice with focused performers. Moreover, the success of the company’s Under Armour HOVR franchise continues to bode well as it has significantly broadened the brand’s appeal and preference among runners. The company continues to focus on implementing cost-cutting initiatives, inventory management upgrades, and new marketing plans to lift the business back up. Overall, we have plenty of reasons to believe that this athletic apparel maker is well on track for a strong 2021 ahead and the boost in management’s guidance adds to our optimism.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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