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TheStreet: Nike Hunting Under Armour Says Jim Cramer

May 23, 2023
in Trade Tube
Reading Time: 1 min read
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Nike is a “wounded tiger” hunting Under Armour , said TheStreet’s Jim Cramer. Shares of Under Armour were tumbling Tuesday morning trading as investors worry about the sportswear retailer’s growth prospects. The company expects to spend $450 million this year as it invests in its retail base and corporate infrastructure, CFO Chip Molloy said on today’s earnings conference call. Under Armour estimates revenue growth in the low-20% range in 2017 and 2018.

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