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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, PepsiCo, Micron, Meta, Starbucks and more
▼ + stars: | 2024-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Starbucks as overweight Morgan Stanley said it's standing by its overweight rating on Starbucks shares. Morgan Stanley upgrades Pepsi to overweight from equal weight Morgan Stanley said the beverage giant is undervalued. Morgan Stanley initiates Ball Corporation as equal weight Morgan Stanley initiated the beverage can company and says the stock is fairly valued right now. Morgan Stanley names LifeStance a top pick Morgan Stanley named the mental health company a top pick on Monday. Morgan Stanley reiterates Micron as underweight Morgan Stanley raised its price target on the stock to $78 per share from $74.75 and said it's sticking with its underweight rating heading into earnings later this week.

Persons: KeyBanc, Morgan Stanley, it's, Telsey, ESAB, Mizuho, Goldman Sachs, Tesla, Raymond James downgrades, Raymond James, LifeStance, Wolfe, Bernstein, Truist, Wells, Wells Fargo, F2Q Organizations: Apple, JPMorgan, 1Q, Meta, HSBC, Nvidia, Netflix, RBC, Howmet Aerospace, York Community Bank, Pepsi, Ball, Citi, Micron, IT, Downside, Bank of America, Taiwan Semiconductor, Pinnacle, of America, Pinnacle West Capital Corp, ISI, UBS, CCL Locations: Berlin, underperform, Taiwan, Arizona, Underperform

☆ 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

☆ Macy's board could get to the point of selling company as bid rises, says Jan Kniffen
▼ + stars: | 2024-03-14 | 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 EmailMacy's board could get to the point of selling company as bid rises, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, and Michael Baker, D.A. Davidson retail analyst, joins 'Squawk on the Street' to discuss the latest bid for Macy's, what happens to Macy's if the deal goes through, and Baker's thoughts on Dick's Sporting Goods.

Persons: Jan Kniffen Jan Kniffen, J, Rogers Kniffen, Michael Baker, D.A, Davidson Organizations: Rogers Kniffen WWE, Macy's, Sporting Goods

☆ Watch CNBC's full interview with J. Rogers Kniffen WWE CEO Jan Kniffen and D.A. Davidson's Baker
▼ + stars: | 2024-03-14 | 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 EmailWatch CNBC's full interview with J. Rogers Kniffen WWE CEO Jan Kniffen and D.A. Davidson's BakerJan Kniffen, J. Rogers Kniffen WWE CEO, and Michael Baker, D.A. Davidson retail analyst, joins 'Squawk on the Street' to discuss the latest bid for Macy's, what happens to Macy's if the deal goes through, and Baker's thoughts on Dick's Sporting Goods.

Persons: Rogers Kniffen, Jan Kniffen, Davidson's Baker Jan Kniffen, J, Michael Baker, D.A, Davidson Organizations: J, Rogers Kniffen WWE, Macy's, Sporting Goods

☆ Dick's Sporting Goods soars past holiday quarter estimates, raises dividend 10%
▼ + stars: | 2024-03-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Dick's Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. Many retailers benefited from a 53rd week in fiscal 2023, but Dick's said it still broke records during its fiscal fourth quarter even without those extra days. "With our industry-leading assortment and strong execution, we capped off the year with an incredibly strong fourth quarter and holiday season," CEO Lauren Hobart said in a statement. Following the strong quarter, Dick's raised its quarterly dividend 10% to $1.10 per share. "We compete with everyone in the world during the fourth quarter, and also the consumer is going through an awful lot, and we're just trying to be cautious."

Persons: Dick's, Lauren Hobart, Ed Stack, Hobart, we're Organizations: Dick's Sporting Goods, LSEG Locations: Williston, United States

☆ 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

☆ Dick’s Sporting Goods soars past holiday quarter estimates, raises dividend 10%
▼ + stars: | 2024-03-14 | 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 EmailDick’s Sporting Goods soars past holiday quarter estimates, raises dividend 10%CNBC's Joe Kernen reports on the company's quarterly earnings results.

Persons: Joe Kernen Organizations: Goods

☆ 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

☆ 10 things to watch in the stock market Thursday, including inflation, Nvidia, Broadcom, Microsoft
▼ + stars: | 2024-03-14 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Morgan Stanley analysts say, "Within internet coverage group, the survey results were most bullish for OW (overweight) META . Evercore ISI raises its Netflix price target to $640 per share from $600, reiterating its buy-equivalent rating. The analysts say the turnaround at IBM continues, citing "a defensive portfolio, attractive dividend yield, and underappreciated AI capabilities." Goldman Sachs research analysts upgrade shares of Citigroup to buy from neutral with a $68-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Steven Mnuchin, ByteDance, Mnuchin, Morgan Stanley, Bernstein, Mizuho, Arvind Krishna, Goldman Sachs, Wells, Dick's, Jim Cramer's, Jim Cramer, Jim Organizations: PPI, CPI, CNBC, U.S, Community Bancorp, Facebook, Nvidia, Broadcom, Citi, Micron, Microsoft, Security, Disney, Amazon, Bank of America, IBM, Citigroup, Dick's, Goods, Jim Cramer's Charitable Locations: New, Japan

☆ This winter was weirdly warm — and rough for retailers
▼ + stars: | 2024-03-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The US just experienced the warmest "meteorological winter" on record, NOAA said last week. It also led to unpredictable consumer demand, causing headaches for retailers and other businesses. For Dick's, warmer weather means that sales skew toward lightweight fleeces rather than pricier down parkas, she said. A retailer in South Dakota surveyed by the Federal Reserve said that even though the warmer weather led to higher foot traffic, sales of winter gear and equipment fell. AdvertisementFrom major complications to minor inconveniences, it's looking like this winter could be a preview of what's to come thanks to the climate crisis.

Persons: Lauren Hobart, Hobart's, didn't, Hal Lawton, Lawton isn't, Raymond James, Lowe's, Marvin Ellison, Bill Boltz, Wisconsin's Organizations: NOAA, Service, National Oceanographic, Atmospheric Administration, Sporting, Tractor, Co, Raymond, Raymond James Institutional Investors, Federal Reserve, Climate Central Locations: NOAA's, East, Midwest, South Dakota

☆ Energy, materials lead the way — plus, what we want to hear from DuPont and Estee Lauder
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Leading the way were the energy and materials sectors while the technology and health-care groups lagged. Cyclical sectors like energy and materials have been strong performers over the past month or so, amid a broadening market rally . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we've, it's, –, Estee lauder, Estee Lauder, We'll, Jim Cramer's, Jim, pumpjack Organizations: CNBC, Texas, Coterra Energy, Tech, Nvidia, Club, GE Healthcare, Electric, Estee, DuPont, Senate, Dollar, DICK's Sporting Goods, Commerce, Jim Cramer's Charitable, Citizens, UCG, Getty Locations: Freeport, McMoRan, DuPont, China, U.S, Bakersfield, Kern County , California, USA

☆ Here’s why the Fed cares about the cost of your haircut and your doctor’s visit
▼ + stars: | 2024-03-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Overall, consumer prices rose 0.3% in January 2024 from December 2023, according to the latest Consumer Price Index. The Labor Department releases its Consumer Price Index for February on Tuesday. The drivers of services inflation have been threefold: Vehicle insurance, hospital insurance, and financial services. The US Labor Department releases its Consumer Price Index for February. The US Commerce Department releases February figures on retail sales in addition to January data on business inventories.

Persons: don’t abate, Price, it’s, Bell, Saira Malik, They’ve, I’ve, Biden, Joe Biden, I’m, ”, Biden’s, Read, Guess Organizations: Washington CNN, Federal Reserve, Labor Department, Oracle, Asana, Vail Resorts, US Labor Department, US Treasury Department, National Statistics, Adobe, Dollar, Sporting Goods, Getty, US Commerce Department, The New York Fed, Manufacturing Index, University of Michigan Locations: Nuveen, Thursday’s State, America

☆ Cramer's week ahead: Earnings from Adobe, Dollar Tree and Dollar General
▼ + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, highlighting Adobe 's earnings report, as well as ones from Dollar General and Dollar Tree . Dollar Tree reports on Wednesday, and Cramer said Wall Street has long favored dollar stores, adding that the company has a "good a handle on the psyche of the American consumer." The producer price index will be released Thursday, as well as earnings from Dollar General. Like Dollar Tree, he thinks the company will do well, and it will "tell a story of price cutting that the analysts will lap up." But by the end of the week, Wall Street will be buzzing about Nvidia 's conference, which is set to take place from March 18 to 21.

Persons: CNBC's Jim Cramer, Cramer, Kohl's, Tom Kingsbury, Williams, Lennar, Jabil Organizations: Adobe, Dollar, Oracle, Vail Resorts, Holding, Burlington Stores, Sporting Goods, Nvidia Locations: Sonoma

☆ Finding the next retailer shoe to drop after the Foot Locker debacle this week
▼ + stars: | 2024-03-07 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Following the Foot Locker debacle earlier this week, there could be more turmoil in the retailer space. Because publicly traded companies provide quarterly financial reports, historic revenue growth and earnings multiples are available to everyone. Earlier this week, I wrote that Foot Locker 's outperformance relative to Nike was hard to comprehend. Dick's did not fall in sympathy with Foot Locker as Academy did, and admittedly Dick's is a very different business than Foot Locker. Observe that their revenues have more than tripled over the past 10 years even as Foot Locker has languished: That said, broader economic trends, while they may not affect all businesses equally, still matter.

Persons: it's, Dick's, Foot Locker, Locker Organizations: Investors, Nike, Academy Sports, Dick's Sporting

☆ Costco misses holiday-quarter revenue expectations despite online growth
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Costco's revenue for the quarter increased from $55.27 billion in the year-ago period. Fresh foods were up high single digits and nonfoods were up mid single digits. Ancillary businesses, which includes more service-related purchases like travel, were up by low single digits, he said. In the second quarter, Costco opened four new clubs, including three in the U.S. and one in Shenzhen, China.

Persons: Richard Galanti, Galanti, it's, Kirkland Organizations: Costco, LSEG, U.S ., Costco Business Centers Locations: U.S, Puerto Rico, Canada, Mexico, Japan, China, Shenzhen

☆ Foot Locker shares drop more than 10% after heavy promotions lead to holiday-quarter losses
▼ + stars: | 2024-03-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Foot Locker lost $389 million, or $4.13 per share, compared with income of $19 million, or 20 cents per share, a year earlier. Comparable sales at Foot Locker and Kids Foot Locker in North America increased 5.2%It's been a little over a year since Dillon took the helm of Foot Locker. During its fiscal third quarter, Foot Locker eked out surprise beats on the top and bottom lines. During the fourth quarter, Foot Locker opened 29 new stores, remodeled or relocated 66 locations, and closed 113 stores.

Persons: Locker, Foot, Mike Baughn, Foot Locker, Mary Dillon, Dillon, Ulta, Locker eked, Jordan Brand Organizations: LSEG, Sports, Foot, NBA, Nike, Dick's Sporting Goods, CNBC PRO Locations: San Francisco , California, markdowns, North America, India, Indianapolis

☆ Amer Sports losses narrow as China sales fuel holiday-quarter revenue growth
▼ + stars: | 2024-03-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In fiscal 2023, the company lost $208.8 million, but its losses narrowed from $230.9 million in fiscal 2022. Between 2020 and 2022, Amer grew sales in the region from 8.3% of total revenue to 14.8%. Sales in Greater China jumped by 45% and all three of the company's segments saw "solid growth." In 2023, sales in Europe, the Middle East and Africa represented about 33% of total revenue, down from 36% in 2022. North America made up about 39.5% of sales in 2023, down from 42.4% of sales in 2022.

Persons: Wilson, Amer, Salomon, Sellers, China's, Amer's, James Zheng, Zheng, it's Organizations: Amer Sports, New York Stock Exchange, Lousiville Slugger, CNBC, Wall, FountainVest Partners, Anamered Investments, Revenue Locations: Amer, New York City, U.S, China, Wilson, Louisville, Helsinki, Finnish, Greater China, Asia, Europe, East, Africa, North America, APAC

☆ Wall Street analysts come out very bullish on this recent sporting goods IPO
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Roach is even more bullish than many on Wall Street with a price target of $21 per share. Like many peers on the Street, she sees the company getting a boost from market share growth and an expansion of direct-to-consumer. Multiple analysts deemed Arc'teryx the "crown jewel' of Amer's portfolio. Though Arc'teryx provides a key reason for bullishness, analysts also have their eyes on other well-known brands in the portfolio. "But, the business faces an uncertain 1H24 wholesale backdrop, & comes with single-segment growth & profitability expansion reliance, multi-brand portfolio volatility risk, & high relative leverage levels."

Persons: Wilson, Arc'teryx, FactSet, Goldman Sachs, Brooke Roach, Roach, She's, Amer, Lorraine Hutchinson, Matthew Boss, Paul Lejuez, Salomon, Baird, Jonathan Komp, Amer's, Jay Sole, Morgan Stanley, Alex Straton, Straton Organizations: Amer, New York Stock Exchange, DTC, Bank of America, Amer Sports, Citi, UBS Locations: China

☆ Walmart shrunk by at least 101 locations last year — a smart move for what's next
▼ + stars: | 2024-02-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart quietly reduced its store count in 2023 even though the company was doing really well. In addition to closing underperforming stores, the retailer sold at least 79 small-format locations. Given what Walmart has planned for the next few years, the move away from smaller locations makes sense. "Walmart has always struggled with smaller stores," Saunders said. In addition to new stores, many existing locations are being upgraded to Walmart's "store of the future" concept, including 650 projects this year.

Persons: —, spokespeople, Doug McMillon, Scot Ciccarelli, Ciccarelli, Neil Saunders, Saunders, it's, Walmart's Organizations: Walmart, Service, BI, Goods, Truist Securities

☆ Deflation: Here's where prices fell in January 2024, in one chart
▼ + stars: | 2024-02-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

These are the big deflationary factors"A lot of factors have come together to push goods prices down," said Mark Zandi, chief economist at Moody's Analytics. In addition to normalizing supply-demand dynamics, a historically strong U.S. dollar relative to other global currencies has also helped rein in goods prices, Zandi said. Falling energy prices have also put downward pressure on goods prices, due to lower transportation and energy-intensive manufacturing costs, economists said. Lower energy prices also put downward pressure on the transportation of food to store shelves. Consumers get more for roughly the same amount of money, which shows up as a price decline in the CPI data.

Persons: RC Willey, George Frey, Jay Bryson, there's, Mark Zandi, Zandi, rebalancing, J.P, Hopper Organizations: RC, Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, Moody's, U.S . Federal, Services, Finance, Morgan's, Investment, Group, of Labor Statistics Locations: Draper , Utah, Wells Fargo, U.S, Salinas, California

☆ Lightning Round: Buy some Toyota, then wait for it to come down, says Jim Cramer
▼ + stars: | 2024-02-13 | by ( Jim Cramer | ) 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 EmailLightning Round: Buy some Toyota, then wait for it to come down, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Iron Mountain, Toyota, Dick's Sporting Goods, Rockwell Automation, Joby Aviation, Palantir, Sempra and Dutch Bros.

Persons: Jim Cramer Organizations: Toyota, Dick's Sporting Goods, Rockwell Automation, Joby Aviation, Bros

☆ Cramer's Lightning Round: Sempra is a buy
▼ + stars: | 2024-02-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Iron Mountain's year-to-date stock performance. Stock Chart Icon Stock chart icon Toyota's year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. I would actually pull the trigger and buy that stock right here [buy, buy, buy]." Stock Chart Icon Stock chart icon Dutch Bros' year-to-date stock performance.

Persons: I've, Rockwell, Joby, They've, It's, it's Organizations: Toyota, Goods, Dick's Sporting, Rockwell Automation, Joby, Dutch Bros

NEW YORK (AP) — A 15-year-old accused of shooting a Brazilian tourist in the leg in Times Square Thursday night and then firing at a police officer was charged Saturday as an adult with two counts of attempted murder. The teen also faces assault and weapons possession charges stemming from the shooting that began in a sporting goods store and spilled out onto the streets of Midtown Manhattan. Police took the teen into custody Friday at a residential house that police believe may be linked to a family member in Yonkers. He is also considered a suspect in an armed robbery in the Bronx and a separate shooting in Times Square last month, police said. At a press conference announcing the arrest Friday evening, New York City Police Commissioner Edward Caban said it was an “actual miracle” that no one was seriously injured in the shooting.

Persons: Edward Caban Organizations: New York Daily News, Midtown Manhattan . Police, New York, New York City Police Locations: Manhattan, New York, Venezuela, Midtown Manhattan, Yonkers, Bronx, New, New York City

☆ Here are Friday's biggest analyst calls: Apple, Alphabet, Tesla, Costco, Dick's, United, Pinterest, Vivid Seats & more
▼ + stars: | 2024-02-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Daiwa reiterates Apple as outperform Daiwa said it needs to see more growth from Apple, but that it's sticking with its outperform rating. " "We reiterate our Outperform rating on Dick's Sporting Goods and lift our 12- to 18- month price target to $190 (from $145)." Bank of America reiterates Pinterest as buy Bank of America said it's standing by Pinterest shares after earnings on Thursday. Initiating Coverage On Vivid Seats With A BUY Rating And $10 Price Target. Bank of America initiates Ocular Therapeutix as buy Bank of America said it's bullish on the opthalmic biotech company.

Persons: Morgan Stanley, it's, Wedbush, Tesla, Daiwa, Oppenheimer, Argus, Pinterest, Goldman Sachs, Goldman, Wells, Craig, Hallum, Cleveland, it's bullish Organizations: Citi, Liberty Global, Apple, Dick's Sporting Goods, Bank of America, HSBC, Bunge, Argus, Health, PayPal, Costco, Alphatec Holdings, United Airlines, Target ., JPMorgan, " Bank of America Locations: FCF, Cleveland

☆ Under Armour shares jump after it raises profit expectations amid sliding sales
▼ + stars: | 2024-02-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Under Armour now anticipates full-year sales will decline slightly more than it previously expected. During the quarter, Under Armour's wholesale revenue, which accounts for about 60% of sales, dropped 13% to $712 million. Like its peers, Under Armour has been working to expand its sales directly to consumers through its stores and website. During the quarter, Under Armour saw those direct sales rise 4% to $741 million, driven by a 5% uptick in store revenue and a 2% jump in digital sales.

Persons: Armour, Stephanie Linnartz Organizations: LSEG, Partners, Sporting Goods, Kohl's, JD Sports Locations: Houston , Texas, North America

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