Coronavirus infections and unemployment filings are spiraling in parts of the industrial Midwest where Donald Trump cleaned up in 2016.
Under Armour, Inc. (NYSE: UA, UAA) today announced that it has priced $440 million aggregate principal amount of its 1.50% convertible senior notes due 2024 (the "notes"), which represents an increase of $40 million from the offering size previously announced. The notes are being sold in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Under Armour has also granted the initial purchasers of the notes an option to purchase, within a thirteen day period beginning on, and including, the first date on which the notes are issued, up to an additional $60 million aggregate principal amount of the notes. The sale of the notes is expected to close on May 27, 2020, subject to customary closing conditions.
Yahoo Finance catches up with V.F. Corp CEO Steve Rendle to discuss how the owner of Timberland and Vans is navigating the chopping retail environment.
Under Armour (NYSE: UA, UAA) today announced details for the phased reopening of its owned stores in North America. The company reopened its first U.S. stores to customers on May 15, and opened additional stores last week. By this Friday, Under Armour will have welcomed customers back to nearly 50% of its North America stores. In regular consultation with government and public health officials, the company will continue to reopen additional stores on a case-by-case basis.
Airlines around the world are bleeding cash in light of the near-zero demand for air travel. So the cash-strapped carriers are attempting to save as much money as possible. One way they’ve gone about this is by circumventing the refund rules outlined by the D…
Q1 2020 Under Armour Inc Earnings Call
The coronavirus pandemic has smashed Under Armour's revenue. The company closed its 188 North American stores in April.
Airlines are fighting for survival. With passengers under stay-at-home orders and borders closed, there’s nowhere to go. And even if there was, people aren’t going to be nearly as comfortable as they used to be while traveling. Who wants to sit next to someon…
Stocks were modestly higher in mid-morning trade Thursday, as traders looked past another dismal U.S. weekly jobless claims report, a day after optimism over ending lockdowns to control the spread of COVID-19 pushed stocks to their highest levels since early March.
In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, take an in-depth look at the company and what investors need to know. Plus, hear Jason and Matt discuss why they're keeping an eye on Goldman Sachs (NYSE: GS) and Intuit (NASDAQ: INTU). To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
The U.S. death toll from the coronavirus that causes COVID-19 edged closer to 100,000 on Friday, as the news emerged that the Centers for Disease Control and Prevention has been combining the results of two different types of tests for the illness in a move that has been sharply criticized by health experts.
Under Armour Inc.'s stock jumped 9% in Monday trading after the athletic retailer announced that Mohamed El-Erian, Allianz's chief economic advisor, has been named lead independent director of the board. El-Erian succeeds A.B. "Buzzy" Krongard, who has been in the role since 2006. El-Erian has been on the Under Armour board since 2018. Under Armour has been in the midst of a business transformation while managing a coronavirus pandemic response. Under Armour stock has fallen 67.3% over the past year while the S&P 500 index is up 0.2% for the period. Read: Buckle your seat belts, the road ahead is going to be bumpy, warns El-Erian
The global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.
Moody's Investors Service, ("Moody's") today downgraded Under Armour, Inc.'s ("Under Armour") ratings, including its corporate family rating ("CFR") to Ba3 from Ba2, probability of default rating to Ba3-PD from Ba2-PD, and unsecured notes to B1 from Ba2. The company's SGL-2 speculative grade liquidity rating is unchanged. "Widespread temporary store closures and weaker discretionary consumer spending will result in significant incremental pressures on Under Armour's revenue, profitability and cash flow in 2020," stated Moody's apparel analyst, Mike Zuccaro.
Shares of Under Armour (NYSE: UAA) (NYSE: UAA), Hanesbrands (NYSE: HBI), and Capri Holdings (NYSE: CPRI) were among the big winners Tuesday as the broad market rallied on economic reopenings continuing and signs that more companies were entering the vaccine race. Apparel retailers have been hit hard by the COVID-19 pandemic as they were forced to close stores, being non-essential retailers.
Because the coronavirus pandemic has halted most travel, all major U.S. airlines have extended elite status into 2021. Delta was the trailblazer though, since the carrier was the first to announce sweeping status extensions and more. At the time, the Atlanta-…
Throughout the coronavirus pandemic, United Airlines has adjusted the passenger experience to maximize social distancing and minimize your interactions with other people. Specifically, the Chicago-based carrier has started back-to-front boarding, curtailed mo…
Under Armour Inc. said Thursday it is offering $400 million of convertible senior notes that mature in 2024, joining the many companies that are raising money to bolster liquidity during the coronavirus pandemic. The sporting goods company said it will use proceeds of the deal to fund capped call transactions that will reduce dilution when the notes are converted into equity. It will use the remainder to pay down debt under a revolving credit facility. Shares fell 4% premarket and are down 61% in the year to date, while the S&P 500 has fallen 8%.
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A deep dive in to Meta evolution of Match 3 games, analysing the key design shifts in UX & Game Design in 2020, backed by industry data. Future projections and how new and veteran Match 3 devs. are adapting to this new reality!
Pneumococcal and rotavirus vaccines have reduced antibiotic consumption substantially among children under five years old in low- and middle-income countries; however, this effect could be doubled if all countries were to implement vaccination programmes and …
American’s been making a whole host of changes recently. Aside from modifying boarding times, it’s also extended elite status, introduced a new award cancel and redeposit fee structure, added the ability to purchase seat assignments with miles and removed the…
What happened Shares of Under Armour (NYSE: UA) (NYSE: UAA) were gaining today for the second day in a row as the sportswear brand continued to climb on hopes for an economic recovery. Investors were also rotating out of high-priced growth stocks and into cheap cyclical stocks like Under Armour that have been hit hard by the pandemic.
The global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market con…
Under Armour has presented its Pride 2020 collection of footwear and apparel, centered around a vivid tie-dye print. Although tie-dye is always a guaranteed attention grabber, these scintillating spirals serve a specific meaning: in 1978, the original Pride f…
Under Armour Inc. said Friday it has upsized and priced a $440 million offering of senior convertible notes that mature in 2024. The athletic apparel maker originally planned to raise $400 million in the deal. The notes are being sold in a private offering and priced at an interest rate of 1.5% a year. The notes can be settled in shares of class C common stock, cash or a combination of the two, at Under Armour's discretion. Proceeds will be used to cover the cost of capped call transaction that will minimize the dilutive impact of conversion, and to repay debt. Shares were up 0.8% premarket but have fallen 606% in the year to date, while the S&P 500 has fallen 9%.
Because the coronavirus halted all but essential travel, we’ve seen the major U.S. airlines extend elite status through the 2021 program year. Delta, unsurprisingly, was the trailblazer when it made its announcement on Sunday morning, April 6. Since then, the…
With summer just around, leading retailers have now put a particular focus on sunglasses perfect for dealing with the blinding sun rays of the season. Harvey Nichols, HBX, SSENSE, LUISAVIAROMA, MATCHESFASHION and more now carry frames for any style.Combing th…
Both of these niche apparel retailers have their fans, but one is better-positioned to thrive in a marketplace reshaped by COVID-19.
Because of the coronavirus pandemic, American Airlines has accelerated its retirement plans for a large portion of its fleet. Specifically, the Fort Worth, Texas-based carrier has committed to retiring more than 100 planes, including the entire fleet of Boein…
Throughout the coronavirus pandemic, we’ve seen all major U.S. airlines make major adjustments to their loyalty programs. Perhaps the biggest update is the sweeping elite status extensions. Most currently valid status on American, Delta and United is being ex…
United’s been busy making adjustments to its MileagePlus loyalty program. It started with great news when the carrier announced that it was extending all currently valid Premier status until Jan. 31, 2022. Additionally, UA lowered the Premier qualifying thres…
A lot has changed about air travel since it went mainstream in the 1930s. On-board smoking, free-flowing booze, and five-star meals have given way to baggage fees, cramped seats, and mystery meat. Through all this change, one thing has stayed the same — the …
Under Armour (UAA) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Under Armour, Inc. (NYSE: UA, UAA) today announced that it proposes to offer $400 million aggregate principal amount of its convertible senior notes due 2024 (the "notes"), subject to market conditions and other factors. The notes are to be offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Under Armour also intends to grant to the initial purchasers of the notes an option to purchase, within a thirteen day period beginning on, and including, the first date on which the notes are issued, up to an additional $60 million aggregate principal amount of the notes.
Pneumococcal and rotavirus vaccines have reduced antibiotic consumption substantially among children under five years old in low- and middle-income countries; however, this effect could be doubled if all countries were to implement vaccination programmes and …
The paper will be offered to qualified institutional buyers, and those investors will have an option to purchase up to $60 million more in aggregate. Analyst Mike Zuccaro commented, "Widespread temporary store closures and weaker discretionary consumer spending will result in significant incremental pressures on Under Armour's revenue, profitability and cash flow in 2020." Institutional investors that buy convertible notes often go short the underlying stock as part of a convertible arbitrage strategy, which may have contributed to selling pressure earlier in the session.
Before the coronavirus put the travel industry on hold, many airlines across the world were retrofitting cabins with the latest innovations to the passenger experience. Stateside, the big three have already got a good chunk of their long-haul fleet configured…
Editor’s note: During the COVID-19 crisis, our team has temporarily ceased taking review trips. However, we are publishing new flight, hotel and lounge reviews, from trips taken before the lockdown. We have also been publishing a selection of our most popular…
Shares of Under Armour Inc. rallied 2.8% in premarket trading Thursday, after the athletic gear company said it expects nearly half of its North America stores to be reopened by the end of this week. Some of the safety protocols the company is taking given the COVID-19 pandemic included reduced store hours to allow more time for cleaning, limited store occupancy, requiring employees and customers to wear face masks in stores, closing of fitting rooms and holding back returned items for 72 hours before returning them to the floor. The stock has tumbled 55.5% year to date through Wednesday, while rival Nike Inc.'s shares have slipped 1.4% and the S&P 500 has lost 6.0%.