Earnings Preview: Under Armour's Growth Drivers Have A Lot Of Steam Left In Them Yet

We believe the company will be able to continue its growth momentum in the fourth quarter, as it is still scratching the surface of its various growth drivers, including the women's, international, direct-to-consumer, and footwear businesses. Our profitability outlook for the third quarter is also positive as we think the operating margin could rise on an annual basis due to lower input costs in Q4, resulting from low oil prices, a downward trend in cotton prices, and a strong inventory position...