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Product Owner For One of The Style Products Within Customer Engagement Area
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Product Owner to Global Connectivity, h&m Group
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Merchandise Manager
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Cross Delivery Coordinator to Sap Test Management, h&m Group
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Data Analyst to Allocation Precision Team to Business Tech
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Head of Expansion & New Business - h&m Beauty
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Data Analyst to h&m Business Tech - Payments Area
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HR-Specialist Within Labour Law
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Business Developer to The Laboratory
Permanent · Stockholm
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Product Area Analyst For Customer Commerce Delivery @h&m Business Tech
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Packaging Solution Business Expert, h&m Group
Permanent · Stockholm
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Product Owner to Sap Release & Delivery Management, h&m Group
Permanent · Stockholm
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Area Operation Manager - Network, h&m Group
Permanent · Stockholm
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Marketplace - Business Expert / Project Manager to External & New Sales Channel
Permanent · Stockholm
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Business Expert / Compliance to Checkout at h&m
Permanent · Stockholm
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Product Owner to Store Lifecycle
Permanent · Stockholm
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Product Owner Within Cloud Platform
Permanent · Stockholm
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Product Owner For Finance Automation to h&m Group
Permanent · Stockholm
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Information Security Specialist
Permanent · Stockholm
H&M
Business Expert Within Allocation Precision
Permanent · Stockholm
H&M
Way of Working Specialist - Data & Analytics at h&m Business Tech
Permanent · Stockholm
By
Reuters
Published
Nov 2, 2021
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Athletic wear demand drives Under Armour's forecasts raise; shares jump

By
Reuters
Published
Nov 2, 2021

Under Armour Inc raised its annual revenue and profit forecasts on Tuesday, as people seek comfortable casuals and athletic wear with their pandemic-hit social life still irregular and offices yet to open.


Photo: Under Armour



Shares of the company jumped 10.5% after the athletic wear maker said it expected 2021 revenue in North America, a major market, to growth in high twenties.

Athletic apparel makers, including Nike and Adidas AG, have booked outsized sales benefits from people shunning dressier apparel for joggers, hoodies and other smart casuals that catered to their needs for workout wear as well as comfortable day outfits.

Analysts believe the athletic wear boom could last at least through next year, even as schools and offices reopen.

Under Armour’s forecast raise comes at a time when months-long factory closures in Vietnam, where it sources about one-third of all its products from, have raised doubts about the availability of its products during the all-important holiday season and beyond.

It forecast 2021 adjusted earnings per share to reach about 74 cents, compared with its prior range of 50 cents to 52 cents. Analysts on average expect profit per share of 55 cents, according to Refinitiv IBES.

It expects 2021 revenue to increase about 25% versus its previous forecast in low twenties, and compared with analysts’ average estimate of a 22.7% rise.

The clothing brand has also been spending more on marketing for new launches, including women’s SmartForm bra and new Hovr shoe models. It recently launched videos with athletes Chase Young, Trent Alexander-Arnold and Ty Harris wearing its apparel.

Net revenue increased 8% to $1.55 billion in the third quarter ended Sept. 30, beating estimates of $1.48 billion.

On an adjusted basis, the company earned 31 cents per share, above estimates of 15 cents.

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