Latest news with #UnderArmour
Calgary Herald
11 hours ago
- Business
- Calgary Herald
Alberta Innovates invests $340k in province-wide wearable technology
Alberta Innovates is supporting a province-wide wearable technologies initiative to the tune of $340,750. Article content The funding will allow small and medium-sized enterprises to access facilities at the Canadian Sport Institute Alberta, and help move products from prototype to final, releasable product. Article content Article content The Sport Product Testing program had already been working with large clients such as Under Armour and Adidas. The funding will instead go directly to providing smaller teams with that same opportunity to test and validate their emerging wearable tech, otherwise a struggle in the province. Article content 'They are doing things internally, potentially, and they are doing things, if I will say, not properly,' said business development manager for the sport institute, Pro Stergiou. Article content Article content Wearable heart rate monitoring tools from small Albertan developers will be able to compare their results to a full electrocardiogram, allowing them to refine their algorithms and give more accurate results. Sport-specific technology will be granted access to the world-class athletes who train in the facility for their testing data. Without that access to these validation tools, smaller organizations can struggle to make it to market. Article content Article content Stergiou still thinks the industry has plenty of room to grow. After working with some of the largest wearable technology companies in the market, he sees plenty of gaps for smaller teams from Alberta to fill, not just with data collection, but with information analysis. Article content 'Apple, Garmin, Fitbit, all these companies in the wearable device space, they're introducing more and more and more data to the consumer, but they're not helping the consumer — as a health-conscious consumer, as a sport consumer — understand what the data means,' Stergiou said. Article content Article content Adam Kingsmill uses wearable technology every day. He's a Canadian Paralympic sledge hockey goalie who played on the teams that won silver at the Beijing 2022 Paralympics and the world championship in 2024. Article content Kingsmill tracks the miles he runs, bikes or skates. Throughout the long training period of a full season, he says it is a powerful tool to monitor load management and keep himself and the team away from injury.
Global News
17 hours ago
- Global News
Winnipeg cops search for suspect in armed convenience store robbery
Winnipeg police say they're looking for a suspect in connection with an armed convenience store robbery Monday morning. Officers were called to the scene on Mountain Avenue just before 11 a.m. and searched the area but weren't able to track down the suspect. No one was hurt in the incident. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The suspect is described as wearing a light-coloured baseball cap, a camouflage face mask, black shoes, black pants and a black Under Armour hoodie. He was also carrying a Swiss Gear backpack, police said. Anyone with information is asked to call major crimes investigators at 204-986-6219 or Crime Stoppers anonymously at 204-786-TIPS (8477).
Yahoo
3 days ago
- Business
- Yahoo
Is Cost Optimization the Key to Under Armour's Gross Margin Strength?
Under Armour, Inc. UAA reported a gross margin of 46.7% for the fourth quarter of fiscal 2025, representing a year-over-year increase of 170 basis points. This improvement was primarily driven by lower product and freight costs, which contributed 150 basis points, along with a reduction in discounting and promotional activity within the direct-to-consumer (DTC) channel, adding 80 basis benefits came from improved royalty terms and favorable impacts from foreign currency and product mix, which together contributed 20 basis points. These gains were partially offset by a 90-basis-point decline due to unfavorable regional and channel fiscal 2025, the gross margin was 47.9%, up 180 basis points from the previous year. Key drivers were reduced supply-chain costs (both freight and product-related) and a strategic reduction in discounting, especially online. This margin expansion surpassed the company's original outlook and was a significant positive in a year of declining margin improvements reflect a strategic shift. Under Armour is deliberately focusing on "higher quality revenue" and regaining pricing power, which means selling at full price instead of relying on markdowns. This is central to the company's brand elevation strategy. It is reducing promotions, especially in DTC channels, and is investing in better storytelling and marketing to justify its full price the first quarter of fiscal 2026, the company anticipates year-over-year gross margin expansion of 40-60 basis points, driven by favorable product mix, continued supply-chain cost efficiencies, and currency benefits. UAA Stock's Past-Month Performance Image Source: Zacks Investment Research Under Armour's ongoing restructuring program is playing a pivotal role in improving operating efficiency and supporting long-term margin expansion. In fiscal 2025, the company recorded $89 million in transformation and restructuring charges. Despite the upfront costs, the initiatives yielded $35 million in actual savings in the year, with expectations to reach a $75-million annualized cost-saving run-rate by the end of fiscal savings are primarily driven by reductions in consulting fees, travel expenses and third-party services, as well as operational streamlining measures, including the closure of the Rialto distribution general and administrative (SG&A) expenses are projected to decline 40% from that reported in the prior-year quarter, which included a $274-million litigation settlement. When excluding the one-time impacts of last year's settlement and anticipated transformation costs associated with the fiscal 2025 Restructuring Plan, adjusted SG&A is expected to exhibit slight improvement in cost management reflects disciplined spending and enhanced productivity across the organization. The combination of restructuring-driven savings and tighter cost control positions Under Armour to support gross margin gains and improve overall profitability. Shares of this Zacks Rank #3 (Hold) company have gained 0.8% in the past month against the Zacks Textile – Apparel industry's sharp 16.5% decline. The company's ongoing strategic initiative and operational efficiencies have enabled it to outperform the broader Consumer Discretionary sector and the S&P 500 index's decline of 1.1% and growth of 0.5%, respectively, during the same period. Some better-ranked stocks are Stitch Fix SFIX, Canada Goose GOOS, and Allbirds Inc. Fix delivers customized shipments of apparel, shoes and accessories for women, men and kids. It carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks Zacks Consensus Estimate for Stitch Fix's current fiscal year's earnings implies growth of 69.7% from the year-ago actuals. SFIX delivered a trailing four-quarter average earnings surprise of 51.4%.Canada Goose is a global outerwear brand. GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. It carries a Zacks Rank #2 at Zacks Consensus Estimate for Canada Goose's current fiscal year's earnings and sales indicates growth of 10% and 2.9%, respectively, from the year-ago actuals. Canada Goose delivered a trailing four-quarter average earnings surprise of 57.2%.Allbirds is a lifestyle brand that uses naturally derived materials to make footwear and apparel products. It carries a Zacks Rank of 2 at Zacks Consensus Estimate for BIRD's current financial-year earnings implies growth of 16.1% from the year-ago actual. The company delivered a trailing four-quarter average earnings surprise of 21.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Under Armour, Inc. (UAA) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report Allbirds, Inc. (BIRD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
TD Cowen Reaffirms Their Hold Rating on Under Armour (UAA)
In a report released on June 12, John Kernan from TD Cowen maintained a Hold rating on Under Armour (UAA – Research Report), with a price target of $6.00. The company's shares closed last Friday at $6.60. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Kernan covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Deckers Outdoor, and Dick's Sporting Goods. According to TipRanks, Kernan has an average return of 8.9% and a 51.62% success rate on recommended stocks. Under Armour has an analyst consensus of Hold, with a price target consensus of $6.87.
Hindustan Times
6 days ago
- Entertainment
- Hindustan Times
Running shoes for women: Our top 8 stylish and comfy picks that go the extra mile
From power walks to park sprints and gym circuits to morning jogs; your kicks need to keep up. These top running shoes for women are engineered for speed, sculpted for comfort, and designed to make you feel like the main character. If you're smashing goals or just looking for an excuse to hit the pavement, these styles are equal parts performance and pizzazz. Scroll, lace up, and let your stride do the talking. These sleek Reebok runners are your secret weapon to staying stylish while logging miles. Featuring a woven design that hugs your foot like a sock and cushioned midsoles that absorb impact like a pro, these are as chic as they are supportive. Styling tip: Pair with an all-black athleisure set and oversized sunnies for that 'fitness influencer' energy. The trail just got cooler. ASICS Fuji Lite 5 brings unbeatable grip and feather-light agility, ideal for outdoor runs or rough terrain. With vibrant colorways and breathable mesh, this pair doesn't just move, it flies. Styling tip: Great with bright biker shorts and a tank. Throw on a windbreaker for post-run coffee stops. Tackle your toughest workouts with Under Armour's Charged Surge 4. These babies feature a tech-loaded sole and sporty woven finish, complete with that bold logo you love. Energy return? Check. All-day comfort? Double check. Styling tip: Style with a logo-heavy gym tee and cap for that sporty-chic aura. Classic, cushioned, and cool; the Jolt 4 is the girl-next-door of running shoes. Perfect for everyday runs or light training, this one balances support and softness with finesse. Bonus: it comes in cute pastel hues that we're obsessed with. Styling tip: Looks fab with pastel track pants and a cropped hoodie for that laid-back look. Built for the serious runner, these Puma Deviate NITRO 3 shoes are all about next-level performance. Ultra-responsive foam, sleek silhouette, and a propulsive ride make these perfect for distance runners or half-marathon hopefuls. Styling tip: Pair with sleek compression tights and a high ponytail for that 'ready to slay the run' vibe. Sleek, minimal, and surprisingly powerful; the Adidas Amalgo is a performance-driven shoe with a fashion-forward edge. Lightweight and breathable, it's perfect for city runners or gym regulars who want style and speed in one stride. Styling tip: Rock them with colour-blocked leggings and a cropped workout tee. Don't forget the smart watch! Don't let the name fool you, these shoes are just as good for light jogging as they are for walking. With a plush feel and stability-driven design, they're ideal for beginners or those easing back into fitness. Plus, they're cute enough to wear all day. Styling tip: Pair with joggers and a zip-up hoodie for a sporty off-duty outfit. Your feet deserve a little pampering and Puma's Softride Ruby delivers. Featuring ultra-soft cushioning and a streamlined look, these shoes are great for everyday runs or just looking fab on the treadmill. You'll want to wear them even when you're not running. Styling ip: Go full pink mode with matching leggings or style with greys for a chic contrast. If you're chasing your next personal best or chasing your dog at the park, the right pair of running shoes makes all the difference. These stylish, high-performance picks are engineered to make your every move smoother, faster, and so much cuter. Shop now and get running in style because good shoes take you great places. Sara Ali Khan ethnic wear goals: Stylish Indian wear picks inspired by the diva Best red heels for women to buy in 2025: Top picks for a stylish look Best Inc 5 heels for every occasion that you can buy today The Reebok Stride Walker and ASICS Jolt 4 are great entry-level options with support and comfort. Some high-performance styles like Puma Deviate may need a short break-in period. Others are comfy from step one! Most are breathable but not waterproof. Puma Deviate NITRO and Fuji Lite offer better outdoor protection. You can, but it's best to opt for gym-specific shoes like Under Armour Charged Surge 4 for indoor workouts. Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, concerning the products. The products listed in this article are in no particular order of priority.
