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May 18, 2024 at 7:00 AM. It was once hyped as a worthy rival to Nike. But at present, Under Armour, founded by a 23-year-old former college athlete, is struggling to “just do it.”. Instead ...
Kevin Plank, founder of Under Armour, pictured in 2018. Under Armour was founded on September 25, 1996, by Kevin Plank, a then-24 year old former special teams captain of the University of Maryland football team. Plank initially began the business from his grandmother's basement in Washington, D.C. [4] He spent his time traveling along the East ...
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [5] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Under Armour supports breast cancer charities, wounded soldiers, local Baltimore projects, and it even recycles plastic bottles as raw material into some of its apparel.
Once a consistent 20% plus annual revenue grower, Under Armour's sales growth has languished in the low-single digits in five of its last seven fiscal years. Plank aimed to spin a different story ...
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By Will Ashworth, InvestorPlace Contributor OK -- without looking at a chart, guess which company's stock is nearest its all-time high: 1. Under Armour (UA) 2. Nike (NKE) 3. Lululemon (LULU) If ...
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