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4Q19 US Earnings Season Wrap-Up

Fourth-quarter 2019 retail earnings show that many companies across the retail industry saw strong growth. However, our coverage of the Coresight 100 reveals that the CPG and department-store sectors bucked this trend, with the latter continuing to struggle. Companies across the board have updated their guidance due to coronavirus disruption in the supply chain and demand in Asia, but we are yet to see updates based on the spread of the virus to the US, with the nation moving closer to lockdown.

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Under Armour, Inc. (NYSE: UAA)

Under Armour is a sportswear performance company that develops, markets and distributes branded performance apparel, footwear and accessories for men, women and youth. The performance apparel and footwear are specifically engineered to suit the needs of athletes. Apparel is the biggest revenue generator for the company, accounting for 66% of total sales in 2017, followed by footwear at 21%.

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