DIRS.INFO The most relevant business & tech news

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now, he's trying to turn the company around by stepping up for a second stint at its helm. The sportswear brand said March 13 that Plank will take over its CEO role again more than four years after he left the position. The company has also struggled to define itself against competitors — most notably Nike.

Persons: Armour, —, Kevin Plank, Plank, Stephanie Linnartz, Armour wasn't Organizations: Service, Nike, Armour

☆ Wall Street isn't pleased that Kevin Plank is returning as Under Armour's CEO, shares plunge 12%
▼ + stars: | 2024-03-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Wall Street is not pleased that Under Armour founder Kevin Plank is returning as its CEO. Following the announcement, both Williams Trading and Evercore ISI downgraded Under Armour and lowered their price targets. Linnartz, a former Marriott International executive who took the helm last February, is the second CEO the company has cycled through in less than two years. Since she started at Under Armour, Linnartz had been focused on rehauling the company's C-suite, building out its loyalty program, UA Rewards, and pivoting the brand's assortment to a more athleisure-focused offering that had more stylish options for women. "All of the twists and turns have created a brand that has become increasingly confusing to consumers and to wholesale partners," Saunders continued.

Persons: Kevin Plank, Stephanie Linnartz, Plank, Evercore, Patrik Frisk, Armour, Linnartz, Plank's, Michael Binetti, William Blair, Neil Saunders, Saunders Organizations: Wall, Williams, Armour, Marriott International, Aldo, UA Locations: Houston , Texas, Plank, America, North America

☆ Jim Cramer's take on Under Armour, Dollar General, Robinhood, Caterpillar, Williams-Sonoma
▼ + stars: | 2024-03-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Cramer pointed to a strong quarter from Dick's Sporting Goods , saying Plank is probably wondering how Under Armour is "missing all this." "But that's only in relation to Dollar Tree," Cramer said, referring to rival Dollar Tree 's disastrous quarter and store closings announcement a day earlier. Robinhood : The financial services platform reported that stock trading activity was way up in February — an increase of 41% from a year ago. Williams-Sonoma : The home and kitchen products retailer gets all kinds of price target hikes after rallying nearly 18% on Wednesday on a strong quarter.

Persons: Jim Cramer's, Armour, Kevin Plank, Jim Cramer, Cramer, Plank, Eaton, Laura Alber Organizations: CNBC, Club, Dick's Sporting Goods, Dollar, TJX Companies, Truist, Caterpillar Locations: Robinhood, Sonoma

☆ Stocks making the biggest moves premarket: Citigroup, Under Armour, MicroStrategy and more
▼ + stars: | 2024-03-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Under Armour — Shares dropped 5.3% on news that founder Kevin Plank is returning as chief executive to the sportswear company. Dollar General — The discount retailer popped 5.8% on the back of a stronger-than-expected earnings report for the fourth quarter. After the market closed Wednesday, SentinelOne posted stronger-than-expected quarterly results. Dick's Sporting Goods -- Shares moved 3.6% higher after the sporting goods retailer posted an earnings and revenue beat for its fourth quarter. MicroStrategy — Shares gained 1.6% after MicroStrategy said it's raising $500 million to buy additional bitcoin , and to use for other general corporate purposes.

Persons: Armour, Kevin Plank, Evercore, LSEG, Joe Biden, SentinelOne, Dick's, Goldman Sachs, MicroStrategy, —, Alex Harring, Sarah Min, Michelle Fox Organizations: United States Steel, Nippon Steel Corp, Wall Street Journal, Dick's Sporting Goods, Citigroup —, Citi

☆ Stocks making the biggest moves midday: Dick's Sporting Goods, Lennar, Robinhood and more
▼ + stars: | 2024-03-14 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Dick's Sporting Goods — Shares jumped 14% after the sporting goods retailer posted fourth-quarter results that exceeded expectations. Dick's Sporting Goods reported earnings of $3.85 per share on revenue of $3.88 billion. Analysts surveyed by LSEG, formerly Refinitiv, had expected earnings per share of $3.35 on revenue of $3.80 billion. In its first quarter, Lennar reported revenue of $7.31 billion, weaker than the $7.39 billion expected by analysts polled by LSEG. UiPath — Shares tumbled 7.4% after the enterprise automation company posted revenue guidance that was weaker than expected.

Persons: LSEG ., SentinelOne, LSEG, Robinhood, Wells, Joe Biden, Armour, Kevin Plank, Plank's, Evercore, MicroStrategy, Oprah Winfrey, —, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: Dick's, Dick's Sporting Goods, LSEG, . Steel, U.S, Steel, Nippon Steel Locations: Japanese

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Tesla, Citi, Robinhood, Meta, IBM, Broadcom & more
▼ + stars: | 2024-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI reiterates Netflix as outperform Evercore raised its price target on Netflix to $640 per share from $600. Citi downgrades Chubb to neutral from buy Citi said it sees a more balanced risk/reward for the insurance company. Goldman Sachs upgrades Citi to buy from neutral Goldman said in its upgrade of Citi that shares are "compelling." Citi reiterates Nvidia as buy Citi said after a series of investor meetings that Nvidia is a "most favored name." Bernstein reiterates Nvidia and Broadcom as outperform Bernstein said Nvidia and Broadcom are still top picks at the firm.

Persons: Deere, Truist, Bernstein, Tesla, Citi downgrades Chubb, Goldman Sachs, Goldman, Wells, Berenberg, it's, Caterpillar, Morgan Stanley, Meta, Utz, Armour, Evercore, Kevin Plank, Stephanie Linnartz, Jack, Argus Organizations: Deere, UBS, Netflix, Citi, Logitech, Barclays, Thomson Reuters, Caterpillar, Nvidia, Micron, Facebook, Raytheon, Bank of America, of America, Utz, UAA, JPMorgan, IBM, Broadcom, VMware, Argus, Oracle, Oracle Corp Locations: Williams, Sonoma

Kevin Plank, founder of Under Armour, during a CNBC interview on "Mad Money" on Feb. 28, 2018. Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand's chief executive. Linnartz took over as Under Armour's CEO in February 2023 after spending nearly 30 years at Marriott International, most recently as its president. Plank will remain a director on Under Armour's board but will hand over the chair position to Mohamed El-Erian, chief economic advisor at Allianz, Pimco's parent company. In a statement, Linnartz said she feels "honored" to have served as Under Armour's CEO.

Persons: Kevin Plank, Armour, Stephanie Linnartz, Linnartz, Plank, Mohamed El, Stephanie Organizations: CNBC, Marriott International, Allianz, Armour's

☆ Founder Kevin Plank returning as Under Armour CEO
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFounder Kevin Plank returning as Under Armour CEOCNBC's Julia Boorstin joins 'Closing Bell Overtime' with news on a leadership shakeup in Under Armour.

Persons: Kevin Plank, CNBC's Julia Boorstin Organizations: Armour Locations: Armour

☆ Under Armour’s Founder Will Return as C.E.O.
▼ + stars: | 2024-03-13 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +1 min

Under Armour, the sports apparel company, said on Wednesday that its founder, Kevin Plank, would return as chief executive, in a leadership shake-up that will seek to revitalize the struggling brand. Mr. Plank, who founded Under Armour in 1996, had remained the company’s executive chair and controlling shareholder after exiting as chief executive at the end of 2019. He will take over on April 1 from Stephanie Linnartz, who led the company for just over a year. With sales slumping, the company’s stock has fallen by about 85 percent since reaching a record high in 2015. It rose slightly in after-hours trading after the news that Mr. Plank would be returning to lead the company after four years away from the job.

Persons: Armour, Kevin Plank, Plank, Stephanie Linnartz, Linnartz, Patrik Frisk, ” Organizations: Nike, LinkedIn

☆ Stocks making the biggest moves after hours: Robinhood, SentinelOne, Under Armour and more
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

UiPath — Shares popped 8% after the software company reported fourth-quarter results that beat analysts' expectations. UiPath posted adjusted earnings of 22 cents per share on $405 million in revenue, higher than the 16 cents per share on $384 million in revenue analysts polled by LSEG, formerly Refinitiv, had anticipated. SentinelOne — The cybersecurity name slipped 10% after posting guidance for the first quarter and full year that came in line with analysts' estimates, per LSEG. Robinhood — The trading platform's stock added about 8% after the company reported its selected monthly operating data for February 2024. The company posted a wider-than-expected loss in 2023 and missed its production targets by a considerable margin.

Persons: UiPath, SentinelOne, Armour, Stephanie Linnartz, Kevin Plank, Mohamed El, Robinhood, Fisker, Lennar, LSEG, —, Christina Cheddar, Berk, Darla Mercado Organizations: LSEG, Street

Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018. That afternoon, Ruhle questioned the Morgan Stanley report on Bloomberg's air and referenced data points that Plank had gathered. A couple of weeks later, when Under Armour reported positive quarterly results, Plank emailed Ruhle "look at that stock!!!" and then helped her arrange an interview with basketball player and Under Armour athlete Stephen Curry the following day, records show. Plank, the current executive chairman of Under Armour, asked Pelkey to help set up the interview with Curry.

Persons: Kevin Plank, Armour, Stephanie Ruhle, Plank, Morgan Stanley, Ruhle, Diane Pelkey, who's, Pelkey, Morgan, Stanley, Stephen Curry, Curry . Plank, Curry Organizations: CNBC, Bloomberg, MSNBC Locations: Maryland

☆ Meet 6 trailblazers in the NFL, Coast Guard and more: 'Success isn't being the first,' it's having 'many others follow'
▼ + stars: | 2023-03-08 | by ( Morgan Smith Gili Malinsky Ashton Jackson Jennifer Liu | Morgan Smith | Gili Malinsky | ) www.cnbc.com time to read: +9 min

"There was something about the Coast Guard, the missions, seeing the small boats that just spoke to me," she says. Fagan ended up attending the U.S. Coast Guard Academy and her first tour of duty in 1985 took her to Antarctica. From there, the Coast Guard would offer a new assignment every couple of years. Of all 32 teams in the NFL, less than 10 have a Black or female president. "To me, the definition of success isn't being the first — it's to have many, many others follow behind you."

☆ Under Armour is targeting Gen Z athletes with a shoe that's part training sneaker and part slip-on shoe
▼ + stars: | 2023-02-17 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

UA Slipspeed sneaker features a collapsible heel that can be worn as a performance shoe or slide. Slipspeed is designed to adapt to athletes' busy schedules, Under Armour says. The shoe is also part of a new marketing strategy that zeroes in on 16 to 20-year old athletes. The new UA Slipspeed sneaker retails for $150 and features a collapsible heel that can be worn as a slide or performance shoe. The Slipspeed sneaker is key to Under Armour's new marketing strategy.

☆ Under Armour CEO: Inventory is a story, but we're quite comfortable with how our inventory looks
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnder Armour CEO: Inventory is a story, but we're quite comfortable with how our inventory looksUnder Armour founder Kevin Plank and interim CEO Colin Browne join 'Closing Bell' to discuss weak stock performance despite a strong quarter, address inventory concerns and the new leadership joining Under Armour.

Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the company hopes will grow its digital business. Linnartz, who has been with Marriott since 1997, was one of 60 candidates considered for the role. "She's really a learner," Plank said. Linnartz, who started as a financial analyst at Marriott in 1997, will start her new job on Feb. 27. The company is banking on Linnartz's experience leading Marriott's multibillion-dollar digital transformation to accelerate Under Armour's online initiatives.

☆ Struggling Under Armour turns to new CEO from Marriott as it strives to boost digital sales and compete with Nike
▼ + stars: | 2022-12-21 | by ( Matthew Kish | ) www.businessinsider.com time to read: +2 min

Under Armour on Wednesday named Stephanie Linnartz CEO. Linnartz, who most recently served as the president of Marriott International, also will be charged with rebuilding the company's relationships with consumers. New Under Armour CEO Stephanie Linnartz Courtesy Under ArmourIn a news release, Under Armour Executive Chair Kevin Plank credited Linnartz with leading Marriott's "multi-billion dollar digital transformation, driving scale through continuous brand innovation across the portfolio." At Marriott, Linnartz oversaw the company's Marriott Bonvoy membership program. Before serving as president of Marriott, Linnartz served as Marriott Group's president of consumer operations, technology and emerging businesses.

☆ Under Armour interim CEO says he feels upbeat about navigating 'bumpy' consumer landscape
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnder Armour interim CEO says he feels upbeat about navigating 'bumpy' consumer landscapeUnder Armour’s Chairman Kevin Plank and interim CEO Colin Browne, join 'Closing Bell' to discuss consumer demand, company outlook and headwinds, amid surging stocks.

Search resuls for: "Kevin Plank"

17 mentions found