However, UA's lowered its 2012 sales growth outlook "to the Low End of Its 20% to 25% Long-Term Growth Target" while the Operating income growth outlook remains "at the Higher End of Its 20% to 25% Long-Term Growth Target". That could create a nice buying opportunity if the market over reacts to the lower sales growth guidance! 'Cash and cash equivalents decreased 14% to $175 million at December 31, 2011 compared with $204 million at December 31, 2010. ''Long-term debt increased to $78 million at December 31, 2011 from $16 million at December 31, 2010, primarily driven by the acquisition of the Company's corporate headquarters in July. ''Fourth quarter apparel net revenues increased 27%... driven by continued strength in Fleece and the expanded Charged Cotton platform. Direct-to-Consumer net revenues, which represented 38% of total net revenues for the fourth quarter, grew 50% year-over-year. Fourth quarter footwear net revenues increased 43%... primarily reflecting new 2011 introductions in running footwear. Fourth quarter accessories net revenues increased 149% ... primarily driven by the in-house transition of the Company's previously licensed hats and bags business which commenced in January 2011.' http://investor.underarmour.com/releasedetail.cfm?ReleaseID=...-------------------Global Gains Home Fool
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