Under Armour Reports Loss, Shares Drop 14%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: CNBC
- Earnings Loss: Under Armour reported a loss of 3 cents per share on revenue of $1.17 billion, significantly missing analyst expectations of a 2-cent loss and $1.68 billion in revenue, resulting in a 14% drop in stock price, highlighting the challenges the company faces in a competitive market.
- Acquisition Rejection: GameStop shares fell over 4% after eBay rejected its $56 billion takeover bid due to financing concerns, negatively impacting market confidence in GameStop's strategic direction.
- Strong Performance: On Holding's stock fell 5% in premarket trading despite reporting first-quarter earnings and revenue that exceeded analyst expectations, while reiterating its full-year net sales growth outlook, indicating resilience in its business model.
- Significant Stock Movement: Wendy's shares surged over 23% following reports that Trian Fund Management is raising funds for a bid to take the fast-food chain private, reflecting optimistic market sentiment regarding its privatization potential.
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Analyst Views on ONON
Wall Street analysts forecast ONON stock price to rise
21 Analyst Rating
18 Buy
2 Hold
1 Sell
Strong Buy
Current: 36.210
Low
30.00
Averages
60.79
High
85.00
Current: 36.210
Low
30.00
Averages
60.79
High
85.00
About ONON
On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Reaction: The poor performance of the ETF may prompt investors to reassess their portfolios, potentially leading to decreased attention on related tech stocks, which could impact their future financing and growth opportunities.
- Industry Impact: The decline of the Baron First Principles ETF may trigger a ripple effect on other related ETFs, particularly in the tech and innovation sectors, possibly exacerbating overall market sentiment deterioration.
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- Weak Retail Sales: Retail sales grew only 0.2% in April, the lowest since the end of COVID restrictions, with May expected to show no growth compared to last year, reflecting ongoing consumer spending challenges that could impact overall economic vitality.
- Decline in Fixed Asset Investment: Fixed asset investment is projected to drop by 2% in the first five months, worse than the 1.6% decline in April, with real estate investment dragging down by 13.7%, highlighting the profound impact of the real estate slump on the economy.
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- On Holding Continuous Expansion: On Holding achieved a 26% revenue growth in Q1, with gross margin rising to 64.2%, indicating its ability to drive full-price sales without discounts, while direct-to-consumer sales grew 29%.
- SharkNinja Diversified Development: Despite high inflation, SharkNinja posted a 15% sales increase in Q1, demonstrating the effectiveness of its diversification strategy across cleaning, cooking, and beauty products, particularly with strong performance from Luxe Cafe coffee machines and Shark Beauty products.
- Future Growth Potential: Analysts expect Tapestry and SharkNinja to see annual earnings growth of 13% and 18%, respectively, while On Holding continues to build strong brand awareness globally, allowing investors to purchase these stocks at reasonable P/E ratios.
See More
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See More
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- Market Share Risks: Analysts noted that while Nike maintains a leading position in lifestyle footwear, it faces price competition from On Running, Hoka, and New Balance in the running shoe market, which could lead to potential market share losses.
- Earnings Outlook Downgrade: Analyst Dadhania lowered Nike's earnings per share outlook, citing slower execution on product and inventory clearance, and anticipates that the second half of 2026 is unlikely to deliver positive revenue growth.
See More
