Likewise, total revenue dropped 4.5% to $1.41 billion.Īs a result, Under Armour slashed full-year outlook projections, lowering them significantly to be more in line with real data. That quarter alone, net profits were only $54.2 million, down from $128.2 million in the third quarter of 2016. Under Armour (UAA) recently concludes the divestiture of its MyFitnessPal platform to Francisco Partners for 345 million. On the call, newly-appointed president and COO Patrik Frisk explained that the brand’s declining sales numbers were attributed to a decrease in demand, coupled with critical operational challenges. There was little reported on the project when it first rolled out, but an October 2017 third-quarter earnings call brought many core issues to light. It was designed to integrate the following Under Armour functions across North America and Europe: The ERP upgrade officially launched on July 1, 2017. Under Armour said it will sell its MyFitnessPal unit to Francisco Partners in a deal valued at 345 million. The goal? To upgrade Under Armour’s existing SAP ECC 6 platform to S/4HANA. myfitnesspal Software Under Armour Startups Daily Crunch: Silicon Valley Bank goes bust regulators take control of 175B+ in deposits Haje Jan Kamps 3:05 PM PST MaHello. Seeking to unify and simplify operations, the company partnered with SAP to initiate a software project. It’s a virtual fitness community that includes various digital platforms, including: ![]() The Under Armour brand encompasses more than just sportswear.
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