Under Armour, P&G Head in Opposite Directions
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 30 July 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
Under Armour sinks as North American sales head south. MFAM Funds Chief Investment Officer Bryan Hinmon shares a couple of silver linings in Under Armour’s cloudy report. Meanwhile, shares of Procter & Gamble hit a new high as the consumer products giant continues to do more with less. Trex Company may not be a household name, but a short squeeze is sending shares of the outdoor deck company up 16%. Plus, we share tips and recommendations for visiting Colorado and Asheville, NC.
Transcript
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| 0:00.0 | It's Tuesday, July 30th. |
| 0:03.7 | Welcome to Market Foolry. |
| 0:04.9 | I'm Chris Hill joining me in studio. |
| 0:07.0 | First time and a long time. |
| 0:08.5 | It's the chief investment officer of M-F-M funds, |
| 0:11.0 | Mr. Brian Hindman. |
| 0:12.2 | Thanks for being here. Chris, M. Great to see you. And it was great to see you yesterday on the streets of Alexandria. |
| 0:20.0 | You were out for a walk with our colleague Charlie Travers and I spotted you and I was like, oh, wow. |
| 0:28.0 | Your lasso is strong. |
| 0:29.0 | And I've been tried to hide from me, but I've seen him and now I have to get him in the studio. And I'm glad you're here |
| 0:34.8 | because we've got earnings news in consumer products, in housing or maybe housing adjacent businesses. |
| 0:42.4 | We've got to start with Under Armour. or maybe housing adjacent businesses. |
| 0:43.0 | We've got to start with Under Armour. |
| 0:45.8 | I think the good news for second quarter results for Under Armour were this. |
| 0:50.7 | They lost less money than was expected. I think that's the good news. |
| 0:56.0 | Everything else in Under Armour's second quarter looked pretty bad. |
| 1:00.0 | Sales came in a bit low, maybe worst of all, and with the stock down about 13% this morning, |
| 1:07.2 | I'm assuming this is the big driver of the drop, is that they lowered guidance for the rest of the fiscal year in North America. |
| 1:15.7 | They previously said, we think it's going to be basically flat in North America in 2019? |
| 1:21.6 | And now they're like, no, actually it's going to be worse. |
| 1:24.0 | Yeah the performance in North America has not been good. |
| 1:29.0 | Sales were down about 3% in the quarter. |
... |
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