The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
BALTIMORE, United States — Under Armour Inc. fell the most in more than four months after its long-term growth outlook disappointed investors.
In its first investor day since 2015, Under Armour said it expects annual revenue growth in the low-single digits from 2020 to 2023. Stifel analyst Jim Duffy said the five-year outlook looked like “manageable objectives that will likely prove conservative” over time. Analysts surveyed by Bloomberg estimate revenue growth in the 5 percent to 8 percent range over that time frame.
The shares slid as much as 9.9 percent in New York, their biggest intraday drop since July 27. The stock has lost 15 percent over a four-day skid but is still up 42 percent in 2018.
By Janet Freund and Catherine Larkin; editors: Arie Shapira and Steven Fromm.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.