Is Under Armour Falling Out of Fashion?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 29 August 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Dick’s Sporting Goods blames disappointing earnings on declining Under Armour sales. Amazon readies a rival to Roku. And Microsoft turns Xbox into a subscription service. Analysts Matt Argersinger and Aaron Bush discuss those stories.
Transcript
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| 0:00.0 | It's Wednesday, August 29th. |
| 0:03.6 | Welcome to Market Foolery. |
| 0:04.8 | I'm Matt Greer, and joining me in studio, |
| 0:07.0 | we have Motley Full analyst Matt Arger Singer |
| 0:09.3 | and Aaron Bush. |
| 0:10.5 | Guys, welcome. |
| 0:11.6 | Hey, Matt. How you doing? Good. Good, welcome. Hey man. |
| 0:13.0 | How you doing? |
| 0:14.0 | Good. |
| 0:15.0 | Good. Well, we have lots to talk about. |
| 0:16.7 | We have Amazon giving Roku something to worry about, or potentially something to worry about. |
| 0:21.9 | We'll talk about that. We have many things to worry about. |
| 0:24.0 | We have Microsoft borrowing a page from Apple, making some changes with the Xbox and how you can buy the Xbox. But guys, let's start with, well, a bit of a curfuffle |
| 0:36.4 | in the exciting world of sporting goods. We have Dick's Sporting Goods and Under Armour. |
| 0:41.2 | Dix reported earnings, which I think it's fair to say |
| 0:44.1 | underwhelmed investors, shares of Dix down around 7% at the time of our |
| 0:48.0 | taping, and Matt Dix blaming Under Armour for part of that weakness. |
| 0:53.0 | Under Armour shares down more than 3% right now. |
| 0:56.0 | So what's going on here? |
| 0:57.0 | Yeah, Mac, you don't really see this very often where a company, a retailer like Dix calls calls out one of its kind of key suppliers, one of the companies |
| 1:07.5 | that really fills its channel with the products that customers want. |
| 1:11.2 | And in this case, Dix is calling out under armor and saying and |
... |
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