Under Armour (A Shares) (UAA) Q4 2021 Earnings Call Transcript
UAA earnings call for the period ending December 31, 2021.
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UAA earnings call for the period ending December 31, 2021.
From Bloomberg and Crain's staff: The exercise bike maker said it's 'winding down the development of its Peloton Output Park (POP) manufacturing plan,' a 1 million-square-foot plant intended for Wood County. Peloton said ending the Toledo project 'will result in $60 million in restructuring capital expenses.' The company also is eliminating 2,800 jobs, and CEO John Foley will step down and become executive chairman.
Cowen & Co. analyst John Blackledge said a deal is unlikely for Peloton, given that the connected fitness company is still in the “early innings” of growth.
DECK earnings call for the period ending December 31, 2021.
Peloton said its fiscal second-quarter revenue will be within its previously forecasted range, as it takes actions to slash costs and improve profitability.