Under Armour reported adjusted earnings of 1 cent per share vs. estimates of 3 cents per share and revenue of $1 billion in line with Wall Street's estimates for the quarter.
Also, the company announced today a move to reach a more mainstream audience by partnering with Kohl's (KSS).
The venture, which will bring Under Armour's apparel to more than 1,100 stores across the U.S. starting in March of 2017, has been over two years in the making, Bloomberg reports.
The Baltimore-based athletic retailer will sell apparel, accessories and footwear through the chain. Under Armour will also test its HealthBox fitness tracker at Kohl's stores.
Kohl's Chief Merchandising and Customer Officer Michelle Gass said that Kohl's clothing sales have struggled recently, but that activewear sales are growing by 15% for the year.
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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, TheStreet Ratings finds weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.
You can view the full analysis from the report here: UA