Latest news with #UnderArmour
Time of India
2 days ago
- Entertainment
- Time of India
De'Aaron Fox backs out of 2025 Curry Brand World Tour, leaving Stephen Curry to travel solo in Asia
star De'Aaron Fox recently declared that he will not be traveling with Stephen Curry on the 2025 Curry Brand World Tour next month. Basketball enthusiasts from Hong Kong to Chongqing were eagerly awaiting this partnership. Tired of too many ads? go ad free now However, he recently canceled it for unspecified reasons. The schedule was set by early July. Fans anticipated behind-the-scenes access to two of the league's fastest and most dazzling guards in addition to unique sneaker drops. Nevertheless, Steph Curry was left hanging by this abrupt change in plans. Curry Brand goes global as De'Aaron Fox announces withdrawal from 2025 international tour The San Antonio Spurs player De'Aaron Fox and star Steph Curry were both supposed to be on the 2025 Curry Brand World Tour, which Curry Brand announced on July 8. The tour will start in August. Along the route, the team will stop at Chongqing, China, Tokyo, Hong Kong, and San Francisco. However, De'Aaron Fox said on Friday that Steph Curry will be travelling alone. He took to X and said: "Unfortunately, I won't be able to travel to Asia next month," the point guard said in a video posted to X, formerly Twitter. "This was a tough decision for me. I was really looking forward to traveling to ... meet all of you and show off the Curry 2s and experience the incredible basketball culture in Asia." Beyond the video, Under Armour, , and the S.A. Spurs have not released an official comment, and the player did not give a reason for his cancellation. He further said: "I'm truly sorry.. Your love for the game and unmatched enthusiasm set you apart from any other fanbase in the world." The tour was partially based on Victor Wembanyama's international presentation from the year before, but the S.A. Tired of too many ads? go ad free now Spurs player's distinct style and G.S. Warriors player's superstar gravitas were anticipated to steal the show during stops in the US and Asia. De'Aaron Fox backed out, leaving Stephen Curry alone (Image via Instagram / @stephencurry30) 's 2025 Curry Brand World Tour was announced on July 8. Curry Brand, Stephen Curry's basketball shoe and clothing business under Under Armour, is expanding internationally. It will make several trips back to Asia and hold Curry Camp in China and the United States. Along with Curry Con, the brand's first-ever basketball culture conference, this international tour will introduce the original Curry Camp concept abroad for the first time. However, the franchise owner will have to deal with this all alone. Also read:
Yahoo
3 days ago
- Sport
- Yahoo
Ravens' training camp report: Live updates from Practice No. 3 in 2025
Welcome to the third day of training camp for the 2025 Baltimore Ravens. John Harbaugh's team is headed back on the field on Saturday for the third practice to open training camp. Baltimore was on the field for roughly 60 minutes of spirited competition. Follow along for live updates from the Under Armour Performance Center. This article originally appeared on Ravens Wire: Sights and sounds from Day 3 of Ravens' training camp practice
Business Insider
4 days ago
- Business
- Business Insider
Strategic Reset Fails to Resolve Under Armour's (UAA) Struggles with Profitability
In the early 2000s, Under Armour (UAA) seemingly emerged from nowhere to challenge leading athletic brands, capturing market share and becoming a household name in the process. Yet, after an extended slide in its share price, founder Kevin Plank returned as CEO with a commitment to returning the brand to its glory days. However, one year into the turnaround, the company continues to face revenue decline and negative profitability. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. While the stock trades at a relative discount following its decline, the path to sustainable growth remains uncertain. I prefer to maintain a Neutral stance on the stock until I see meaningful progress on revenue stabilization and margin improvement (perhaps at its earnings call on August 6th, which will hold some good news in that regard). Under Armour Struggling to Regain Its Swagger Since its founding in 1996, the Baltimore-based company has built its reputation as a leading manufacturer of performance athletic apparel on technical fabric innovations, particularly its moisture-wicking HeatGear and ColdGear products, which cater to athletes across various sports and climates. Last year, founder Kevin Plank returned to the CEO role to spearhead a 'strategic reset' focused on premium brand positioning and operational efficiency improvements. This has included shifting from the previous product-focused approach to a more consumer-centric, category-managed operating model, designed to better serve the needs of athletes. The company's recent Q4 FY2025 results suggest it has yet to get meaningful traction with its turnaround efforts. Revenue declined 11% year-over-year to $1.2 billion, with weakness evident across major markets, as U.S. sales fell 11%, international revenue dropped 13%, and the Asia-Pacific region declined 27%. Weak top-line performance and ongoing restructuring expenses have resulted in the company posting a net loss for the year of $201 million, with an earnings per share loss of $0.47. Evaluating UAA's Valuation and Momentum The stock currently trades near the midpoint of its 52-week range, $4.78 to $11.89. It reached its all-time high in 2015, trading above $50, then cascaded down over the following years, falling to under $5 earlier this year. However, over the past three months, the stock has experienced a notable rise, climbing 27% during that period. Despite the recent price run-up, the stock still trades at a relative discount, with a price-to-sales ratio of 0.61x, compared to 1x for the Consumer Discretionary sector, 2.42x for Nike (NKE), and 1.61x for Adidas (ADDYY). The shares exhibit positive price momentum, trading above most major moving averages (except for the 200-day moving average, though it is closing in on surpassing that level as well). Other technical indicators are neutral-to-bullish. Is UAA a Good Stock to Buy? On Wall Street, UAA stock carries a Hold consensus rating based on four Buy, 13 Hold, and three Sell ratings over the past three months. UAA's average stock price target of $6.84 implies approximately 4.5% downside potential over the next twelve months. Analysts following the company have taken a cautious stance, with many lowering their price targets for the shares. For instance, Goldman Sachs analyst Brooke Roach recently lowered the firm's price target on the shares to $6.50 (from $7) while maintaining a Neutral rating, noting the potential impact of elevated tariff rates. Similarly, Truist's Joseph Civello lowered the price target on Under Armour shares to $7 while reiterating a Hold rating, citing Q1 FY2026 guidance that came in well below expectations. In a research note, the analyst declared himself 'incrementally cautious' about the company's future outlook, with the impact of potential tariffs yet to be resolved. Conversely, Simeon Siegel at BMO Capital kept an Outperform rating on the shares while lowering his price target to $9 (from $12). He observed that Q4 results marked ongoing improvement in gross margins on lower revenue, as management works to turn the business around. He maintains that focusing on improving margins can act as a lever to enhance profitability and drive share growth over time. UAA Stock in Summary Under Armour is undergoing a turnaround effort aimed at regaining brand momentum and strengthening its market position. The company's strategic reset centers on leveraging its core strength in technical performance wear to deliver premium products and stand out in a highly competitive landscape. However, continued revenue declines across all major regions suggest deeper structural issues that won't be resolved quickly. Negative profitability further clouds the path to sustainable cash flow, especially as well-capitalized competitors like Nike and Adidas maintain pressure on market share. While the firm's bold reset has delivered some early signs of progress, reversing persistent revenue losses and restoring profitability remains a formidable challenge. Until Under Armour demonstrates measurable improvement in these key areas, the turnaround is likely to remain stalled. The stock trades at a relative discount, but this valuation appears to reflect market doubts about the company's ability to execute a successful transformation. Analyst price targets indicate limited upside in the near term, given the associated risks. I maintain a Neutral stance on the stock and will look for signs of margin improvement that could support a more constructive view going forward.
CBS News
4 days ago
- Business
- CBS News
Baltimore Ravens, Under Armour expand girls' flag football programs at Maryland high schools
The Baltimore Ravens and Under Armour are expanding their girls' flag football program at several Maryland high schools for the upcoming school year. The initiative launched in 2023 at 10 public high schools in Frederick County. In 2024, the program expanded to 43 schools in Baltimore City and Montgomery, and Washington counties. Starting in fall 2025, the girls' flag football program will expand to two more Baltimore City Public Schools: The Baltimore Polytechnic Institute and the National Academy Foundation. The Ravens and Under Armour will also partner with Calvert and Charles County Public Schools to provide funding and uniforms to develop the program. The companies will partner with the Washington Commanders to provide funding for Prince George's and Montgomery County schools. "From the beginning, we have been fully committed to launching and developing this initiative throughout Maryland, and we recognize that providing additional funding is essential to the program's long-term sustainability and statewide impact," said Brad Downs, the senior vice president of marketing for the Ravens. Since launching the program three years ago, the Ravens have given nearly $600,000 in funding to expand the girls' flag football program in the state. Athletic wear manufacturer Under Armour creates custom outfits for the high school teams. By fall 2025, 92 schools will be participating in the program across Maryland, including 14 in Baltimore. "Girls' flag is rapidly advancing toward the ultimate goal of becoming a state-sanctioned sport and allowing female student-athletes in every Maryland county to receive these same opportunities well into the future," the Ravens said in a statement. Each school will compete during the fall, ending with the Maryland Girls Flag Championship at M&T Bank Stadium in November.
Daily Mirror
5 days ago
- Entertainment
- Daily Mirror
Anthony Joshua and Tyson Fury enjoying very different summers ahead of comebacks
Joshua has recently been snapped enjoying some time away on the beach - just weeks after it was revealed he will make a return to action this year Anthony Joshua appears to be enjoying his summer, while British rival Tyson Fury continues to put the work in ahead of his boxing comeback. The two-time heavyweight champion has not fought since suffering a devastating knockout defeat to Daniel Dubois last September at Wembley. Both Joshua and Dubois seemed destined to face off in an immediate rematch, but 'AJ' needed some more time away from the ring after sustaining some minor injuries in their September showdown. The 35-year-old has since had surgery on his elbow and is eyeing a comeback before the end of the year. Joshua has been enjoying some time outside of the ring following the surgery and the 35-year-old has recently enjoyed luxury trips to Oman, Dubai and Saudi Arabia. The Brit was recently given a hero's welcome and was mobbed by fans after touching down in Ghana last month. His little tour around the globe has not stopped, though, after he was recently pictured soaking up the sun in Mykonos, Greece. 'AJ' was seen wearing a pair of Under Armour shorts as he purchased a cigar from a vendor and shopped for a few bargains in the process at the beach. The Brit took a quick dip in the sea to cool off from the scorching Greek sunshine, showing off his muscular physique. With Joshua enjoying as much sun as possible, Fury - on the other hand - is continuing to put the work in after making a retirement U-turn. The 'Gypsy King' - who retired in January following back-to-back defeats to Oleksandr Usyk - is set to return to the ring next year after Saudi boxing chief Turki Alalshikh revealed that the Brit will fight again in 2026. Over the last few months, the Morecambe native has been seen training regularly. Fury continues to ramp up training ahead of his comeback and the boxing legend posted a video of himself going for a morning run on Thursday. While many fighters will be taking time off to enjoy as much sun as they possibly can, the 'Gypsy King' is seemingly taking no family trips away and is eager to get back into shape. Amid talk of a potential showdown between Joshua and Fury next year, the pair must get through warm-up bouts first. During a recent appearance on 'The Boxing Voice,' Alalshikh is eager to make the dust-up between the British heavyweights. The two stars have exchanged verbal jabs over the years, but are yet to resolve their rivalry inside the ring. While the Saudi boxing chief admits they are trying to host the fight in 2026 - both men would need to get through tune-up fights first. " Anthony Joshua and Tyson Fury next year, we are trying to do it and we are thinking about it," he revealed. "Why? Because they are both coming off losses. It's to build it up." Earlier this month, Joshua had vowed to "take the division by storm again" ahead of his highly-anticipated return this year. Speaking at the unveiling of Matchroom Boxing's rebranding, the heavyweight star is plotting a destructive comeback. He said: "I took a year out, first time in about 12 to 13 years as a professional, not even including the amateur stuff. "But I took a year out, get my body right. I'm at a different stage in my career where I can look at time a bit differently. I'm all these years in front of me like the main man here, so I've got to make like really executive decisions about what I do next. So the minute I come back, you know I'll come back with a bang rather than just keep rolling through and just going with the motions of the sport. I just thought, let me take some time out so when I do come back I come back fully active and ready to go and take the division by storm again." When is Anthony Joshua's next fight? Joshua is expected to make his return to the ring before the end of the year. Eddie Hearn has recently revealed that 'AJ' is now looking to move on with his career after continuously calling for a fight with Fury, but still hopes to one day settle the score with the 'Gypsy King' before calling it a day. In an interview with Sky Sports, when asked about the future of Joshua, Hearn replied: "Yeah, good, he had that operation recently... that elbow surgery, which went very well. You will see him return in October, November or December. We're looking for that opponent in the top ten. Deontay Wilder I think fights next week. "I know he is a name that has been mentioned. For AJ, like I said, 2026 I think could be his last year in the sport and it seemed to get headlined, but what else do you expect? That is three or four fights away. He cannot go on forever! He is motivated. Physically feeling good now to return to camp and ready for one little last roll to this incredible career. "Hopefully that involves a fight with Mr (Tyson) Fury. But after he is done parading his kilt around on Netflix, hopefully he joins us in the ring in 2026. It would be an incredible occasion for British boxing. But first thing is first, AJ will return during that period this year and obviously he must win and that performance will tell us a lot about the future of Anthony Joshua."
