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Sept. 30, 2022, 7:09 a.m. EDT

Under Armour, Lululemon stocks fall in wake of Nike's disappointing earnings report

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By Tomi Kilgore

Shares of Under Armour Inc. /zigman2/quotes/208967132/composite UA +1.37% /zigman2/quotes/204420722/composite UAA +1.60% slumped 2.6% in premarket trading Friday, despite a rally in the broader stock market, as the athletic apparel and gear maker suffered collateral damage from rival Nike Inc.'s /zigman2/quotes/203439053/composite NKE +1.29% a disappointing earnings report. Also getting hit, yoga apparel and gear maker Lululemon Athletica Inc.'s stock /zigman2/quotes/204011506/composite LULU +1.09% slid 2.6% ahead of the open. Meanwhile, futures /zigman2/quotes/209948968/delayed ES00 -0.37% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.12% rallied 0.5%. Nike's stock tumbled 10.2% in the premarket, after the company reported late Thursday fiscal first-quarter profit and sales that topped expectations, but warned that gross margins would be hurt for the rest of the fiscal year as it cuts prices to shed excess inventory. Among shares of other Nike rivals, Adidas AG /zigman2/quotes/206448829/delayed XE:ADS -0.53% /zigman2/quotes/203671926/composite ADDYY -0.35% dropped 5.1% and Puma SE /zigman2/quotes/203655455/delayed XE:PUM +0.24% /zigman2/quotes/210450025/composite PUMSY -3.06% sank 5.6% in Germany, while Asics Corp. /zigman2/quotes/207993898/delayed JP:7936 -1.15% /zigman2/quotes/203940894/composite ASCCY -0.78% slumped 10.7% in Japan.

/zigman2/quotes/208967132/composite
US : U.S.: NYSE
$ 8.88
+0.12 +1.37%
Volume: 2.20M
Dec. 2, 2022 4:00p
P/E Ratio
13.21
Dividend Yield
N/A
Market Cap
$4.23 billion
Rev. per Employee
$342,401
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/zigman2/quotes/204420722/composite
US : U.S.: NYSE
$ 10.14
+0.16 +1.60%
Volume: 7.22M
Dec. 2, 2022 4:00p
P/E Ratio
15.09
Dividend Yield
N/A
Market Cap
$4.23 billion
Rev. per Employee
$342,401
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/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 112.20
+1.43 +1.29%
Volume: 5.89M
Dec. 2, 2022 4:00p
P/E Ratio
31.86
Dividend Yield
1.21%
Market Cap
$173.85 billion
Rev. per Employee
$596,953
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/zigman2/quotes/204011506/composite
US : U.S.: Nasdaq
$ 385.99
+4.17 +1.09%
Volume: 1.18M
Dec. 2, 2022 4:00p
P/E Ratio
45.20
Dividend Yield
N/A
Market Cap
$50.67 billion
Rev. per Employee
$243,494
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,066.75
-15.00 -0.37%
Volume: 1.78M
Dec. 2, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,071.70
-4.87 -0.12%
Volume: 0.00
Dec. 2, 2022 5:10p
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/zigman2/quotes/206448829/delayed
XE : Germany: Xetra
124.26
-0.66 -0.53%
Volume: 604,971
Dec. 2, 2022 6:30p
P/E Ratio
17.56
Dividend Yield
2.66%
Market Cap
€21.29 billion
Rev. per Employee
€365,515
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/zigman2/quotes/203671926/composite
US : U.S.: OTC
$ 65.53
-0.23 -0.35%
Volume: 135,536
Dec. 2, 2022 3:59p
P/E Ratio
17.13
Dividend Yield
1.89%
Market Cap
$22.33 billion
Rev. per Employee
$394,558
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/zigman2/quotes/203655455/delayed
XE : Germany: Xetra
50.32
+0.12 +0.24%
Volume: 419,354
Dec. 2, 2022 6:30p
P/E Ratio
20.97
Dividend Yield
1.43%
Market Cap
€7.51 billion
Rev. per Employee
€498,338
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/zigman2/quotes/210450025/composite
US : U.S.: OTC
$ 5.07
-0.16 -3.06%
Volume: 7,869
Dec. 2, 2022 3:58p
P/E Ratio
19.89
Dividend Yield
0.90%
Market Cap
$7.87 billion
Rev. per Employee
$537,418
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/zigman2/quotes/207993898/delayed
JP : Japan: Tokyo
¥ 3,000.00
-35.00 -1.15%
Volume: 607,700
Dec. 2, 2022 3:00p
P/E Ratio
40.56
Dividend Yield
1.07%
Market Cap
¥555.53 billion
Rev. per Employee
¥50.23M
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/zigman2/quotes/203940894/composite
US : U.S.: OTC
$ 22.18
-0.18 -0.78%
Volume: 5,196
Dec. 2, 2022 2:58p
P/E Ratio
41.87
Dividend Yield
0.71%
Market Cap
$4.09 billion
Rev. per Employee
$400,209
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