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Under Armour's Outgoing and Incoming CEOs Discuss the Company's Future

Bloomberg Best

07:26 min | 9 months ago

Under Armour's Outgoing and Incoming CEOs Discuss the Company's Future

"There's been a changing of the guard at under armor Kevin plank is stepping down as the CEO of the sports apparel company he started in nineteen ninety five jun Patrick Frisco under armors president and C. O. O. will step in as a new C. E. O. as of January first and Bloomberg's Caroline hide sat down with the outgoing and incoming CEOs to talk about the leadership transition CO often twenty three he is having that's found in this business started in in your grandmother's basement well the cast list for the change now I think it's a it's a it's a great opportunity for some first of all this is completely my decision of course in concert with a terrific board directors something will work out for a while really since she joined your two and a half years ago and that was for the process of getting to know each other and work with each other and understand what the vision is but you know recently been talking about this idea of moving from defense to offense were you seen as in transformational last few years and really it's it's just the perfect opportunity for the business to do that and what I think is really gives us is this ability for freedom is because as we were growing it's difficult because this patcher kept sending the organization you know moving things underneath the Patrick it was whose hands are on the wheel and I wanna make sure that something is always clear it's impossible to be affected if that's not the case and so my move into this role of being executive chairman and branch chief I still have the ability to work and do the things I think I need to do to happen the organizational out there during the day to day and I can get you the vision think on behalf of the business defend itself and the vision spend it for us because you say in the release that is time the realization of its full potential what is the full potential of honor on the full potential we laid out we believe quite quite good last year in our in our investor day and and you know one of the great things about this transition right now is this the plan you know it's been a planned transition so we worked on it for quite some time he also worked on the plan for quite sometime and not just the two of us but also the entire leadership team in the entire company we're very confident that you know the way we're thinking about the the business right now the way that we're thinking about where we compete athletic performance who were for the focus performer and actually also a brand positioning on the reformers company is going to allow us to continue to be successful inside of a flood of performance and like Kevin said you know as we turn the corner to twenty twenty which is C. from under armors allowed her brand you know we're turning from defense to offense which was planned it all along so we believe the transition now really sets us up to be able to have continuity in leadership consistency in execution ultimately enables us to win you know over the long term ultimately Kevin asked me to come here to to help him you know with the vision of becoming a turn around and that's what we believe we're on our path to doing and you talk about performance performance performance performance rather than say perhaps leisure but you both say that ran on drama talks at the moment gentleman and I I'm guessing it was gonna what kind of some point today but perhaps not immediately say you're going to look for more is this really something you remain very focused upon and showing these are fit for purpose and usable rather than every day wandering around the kitchen you know we we we love that question we love it because we don't look at the two things a separate you know today if you want to appeal to the consumer we know this from all the work we do with consumer insights you have to look good you have to look beautiful and Kevin love to talk about beautiful performance or there is still perform and you know that's how we think about it so the way that people ultimately choose to wear our

Kevin Plank CEO
Billionaire Bull Teslas Plan for China Davos in the Desert

Squawk Pod

08:00 min | 9 months ago

Billionaire Bull Teslas Plan for China Davos in the Desert

"This squad the daily podcast brought to you by the team behind squawk box control to CNBC's essential morning show every day get the best stories debate and analysis from the biggest names in business and politics today legendary investor Ron Baron believes strategy that goes beyond tomorrow is key to a positive outlook today the next fifty years there's going to be similar to the last fifty years that'd be twenty five times your money invest now tesla new Chairman Robyn Denholm took aligns job but she's still one of his biggest fan the way he runs the company is is phenomenal in Davos in the desert Saudi Arabia's anyone investment conference kicks off next week who's going WHO's not and why it matters commissions and happens companies. They don't have permanent enemies you know they don't have permanent friends they just have permanent interest I'm CNBC producer Cameron Kosta it's Friday October twenty fifth todd begins right now under by three two one two Andrew Good morning and welcome to spot right here on CNBC we love Nasdaq market site in Times Square meant Ross sorkin along with Joe Kernan becky quick with she is live in the barren investment conference with the legendary Ron Baron we're going to get to them in just Ron mine is a buy and hold investor who's long term strategy has made him a legend on Wall Street every year CNBC goes to his investors conference this year and many of years Kikoko's and so does Katie your usual podcast host they cut off this morning off camera we're at Lincoln Center in New York City today and this is where the baron investment conference is taking place it's an annual conference that we've been coming to since two thousand and eight so we've been longtime longtime participants in just coming along for the ride and seeing what Ron has to offer mazing thing is ron brings lots of big entertainment where it Lynn Lincoln Center so in the past he's brought guests like Barbra streisand or Bruce springsteen or McCartney which he said was his favorite but the big deal and the reason somebody shareholders who come here the Barron shareholders come is because he brings up his managers they give their take on the world and then they bring up the CEO's a lot of the the biggest companies that Burns invested in and and so it's really kind of a mix of entertainment and and and really of view of what's happening in the economy and what's happening in business so so Ron's whole perspective is by hold stocks for a long time this am businesses invest in people you know some of the people that we've met her over the years have been people like Elon Musk who's the head of Tesla and creator of Tesla we've met Kevin plank who was the founder and CEO of under armor he finds people who he thinks are at dynamic who have big ideas and then he watches the companies and watches the markets now he said buy and hold for a long time that doesn't mean buy and hold forever like Buffet Likes To do Warren Buffet likes to do under Armour Kevin Plank was a big investor in that company but there was a time if you eight years ago where he said Okay it's time to sell what's your big takeaway on Ron's message for investors right now particularly with the way the markets are you know if you look around it's a pretty turbulent time his take is that this is an incredible time to get into the markets he thinks people are far too pessimistic are host Barron Investment Conference Ron Barren Barren capitals chairman Ed. CEO Let's talk a little bit about your theme this year it's called what's next why what's next and what is next so what's next is that so we're looking for faster growth in the future then in the past and but what's next is the growth the economy goes for the stock market what do you mean economy and and what I think is that when you think about the turmoil that's taking place in the stock market now and everyone is afraid that's you know and people have higher amounts of cash and they've ever had before in Europe they have negative interest rates people so concerned is eighteen central banks can in Rio do there The interesting United States are have been going down the way I think about it though is that the stock market today is pretty much the same values nations that it was in one thousand nine hundred eighty nine and sixteen point six times earnings or sixteen point five times earnings then then was amidst turmoil you had the city's on fire the national guard the streets are trying to keep law and order yet the Vietnam War protests women's rights protesting so so everything was it's a mess but but really sticks and the assassination of President Kennedy swapping my office about I have a lot of younger people mouse and they said tell me about this assignations sixties and people said well John Kennedy said anyone else and they said I don't know it was Martin Luther King in one thousand nine six eight and Robert Kennedy Nineteen Sixty eight they tried to get George awesome so so there was turmoil and it was a concern that that the country was going to survive but the stock market then was thousands on Al Jones is now twenty six or twenty seven thousand twenty six times the economy then was eight hundred and fifty billion is now twenty one point three trillion twenty five times so all you had to do this believe that this country was going to survive and invest then and you would have made twenty five hundred money and so I think that what's going to happen in the next fifty years of course I'll be one hundred twenty six by then and you can reach me at Barron Funds Dot Com they will know where uh-huh and but but I'm thinking about the next the next fifty years it's going to be similar to the last fifty years that'd be twenty five times or money if you invest now and and and even better is that interest rates today or one and a half percent one point six percent for ten years they're normally four and a half percent for ten years you have platform investments now so it used to be when I was young and you wanted to make money you'd build a factory for a million dollars or hotel and then maybe eight hundred thousand one hundred fifty thousand after you take the risk of putting up a million and so but now you've you've come into capital late business you have technology I therefore other people giving you money writing off have platform built you could be a licensor people could be using your business in the cloud and then all of a sudden you start getting revenues and that revenue you just seventy eighty ninety percent margin that's worth more than a earnings per share company without having put up the capital people finding some of these two so you can do it exactly so it's capital low interest rates the technology technology is making businesses grow faster because and and also it's it's making your costs be lower and then knowledge knowledge is growing the fastest pace than it's ever grown and it used to be one hundred years ago that knowledge doubled every hundred years and then after World War Two it was twenty five years and now it's every eighteen months and with the Internet of things going knowledge is going to double according to IBM every eight hours or twelve hours knowledge humankind but when when you look at our growth that we've seen to this point a lot of people say our economy is just stuck in a slower growth economy we're never going to be able to grow faster pace we've seen it pick up a little bit over the last several you ears but why isn't reflected in the numbers why isn't the economic growth stronger because you're right information technology all of these different ways of increasing our productivity are it's not reflected in government numbers right now people are afraid well you're in one of these the economy doesn't go like this it goes like this and and so the result to that whenever goes down people say this is it this is the end I better get out and so all these people watch remote show in the morning and everyone talks about well the stock market invested

Cnbc Ron Baron Tesla Robyn Denholm CEO Saudi Arabia Chairman Cameron Kosta Producer Fifty Years Ten Years Seventy Eighty Ninety Percent One Hundred Years Twenty Five Years Eighteen Months Million Dollars Hundred Years Twelve Hours Twenty Fifth
Nike, ServiceNow and SAP CEOs play a game of musical chairs

MarketFoolery

10:59 min | 9 months ago

Nike, ServiceNow and SAP CEOs play a game of musical chairs

"Soon because Tuesday morning under armor announced Kevin Plank is stepping down as CEO in January and then later in the day on Tuesday sort of late after a new Nike announced that CEO Mark Parker also stepping down in January he's going to be replaced by John Donahoe who is a Ward member at Nike he is also the CEO of Software Company called service now so he'll be he's been CEO there for nearly three years he's going to be leaving and and Bill McDermott who a couple of weeks ago stepped down or was forced out depending on which version of events you decide to believe he left sap after being CEO for nearly a decade he's now going to be the CEO service now so the musical chairs continuous. Let's let's start with Nike and shares down a little bit on the news and probably not a surprise when you consider Parker's been running this company since two thousand six and if you're a shareholder her under his tenure you have done very very well Oh yeah you're you're quite happy so parker was the second CEO at at Nike following tonight and he took over in two thousand six but there's probably been some I know there have been rumors at least that CEO succession at Nike is Being Thought About for instance three years ago after China chief Michael Sperling was promoted to President Product Marketing and that was his fifth promotion in ninety here so he's moving up the ranks pretty quickly people were wondering Oh is he being groomed as as the next successor but there was also C. C. O. exp Bronx and Brand President Trevor Edwards and the latter man gentleman especially with seen as as the primary contender but then a couple of years ago Edwards was forced out in March of two thousand eighteen amid amid allegations of inappropriate behavior and will leave it at that so Parker's a comment yes Yesterday during an interview that hey this has been months in the planning you don't do this just a couple of weeks is probably true but I'm I'm kind of wondering what the timing has to do with I mean under armor announces a plank stepping down and he says Oh maybe we want to get on that news to or is it more related to the drug doping thing that's I've been coming out and whether Parker knew about it or not and the speculation there or is it just hey today just happen to be the same day that all this other stuff was coming up yeah and and the drug doping thing that you mentioned that's a relief to Alberta Salazar coach ty did Nike over the last few weeks some stories have come out about that and then and then and the extent to which Parker knew about that so some some questions around that I find the timing fascinating because I just thought there's no way or you're going to have a very our time convincing me that this is a coincidence I mean all things being equal because Nike has been the clear leader in the category for so long and even plank has been very clear in his time at under armor you know running the company he was gunning for Nike the whole time right in most situations I would believe that under armor maybe got wind of this and they moved up their announcement and actually think in this situation I think it's the reverse I think that Nike may have just decided you know what we're gonNA announce this later this week or maybe we're we're going to tie to our earnings report you know what let's just do this right now so maybe when plank says okay I'm out in Percocet yes score column win column there we go so let's talk about Donohoe for a second I don't know a ton about him what I do We know is that his experience as an executive is very much in the tech space as I may have service now software company he was an executive at Ebay who is the CEO of EIB. Yeah the chief executive for years and made a bunch of acquisitions onto there so I think if you are a Nike shareholder again it's only down a couple of percentage points I don't think that's necessarily a knock on Donohoe I think that's more just Parker's done such a great job it's it's it's natural to see a trump a little bit but I think if you're if you're looking at the elevations donohoe it's it's with an eye towards his tech experience and Nike increasingly relying on technology to move product right and and and I think again the narrative is that that's why the White was named he has been a director for a couple of years at Nike who was the CEO of Ebay for seven eight years until Twenty fifteen is been the chairman pal he oversaw the spinoff of pay pal from Ebay but that was kind of forced upon him and Ebay by Carl ICAHN activision activision active what what's the word activism activism thank you but he's expected to come into Nike and use his tech savvy to probably continue the digital transformation that has really been driving some good results for Nike They've got their Nike plus membership they're getting being able to get more personalized in their advertising for that and they're seeing some big up responses to that and along with that awesome product tracking and inventory management a lot a lot of good things are happening with Nike from a Tech Perspective and I think Donna who's GonNa continue that maybe a better indicator Keke shareholders is what's happening with shares of service now because that's down about ten percent since it was announced go the donnas leaving let's move on to another great quarter for AAA same store sales such a crucial metric for any restaurant out there up eleven percent rent nearly two percentage points higher than expected the stock is down close to five percent today is that just because of the run that it has had to this point because it's been on an amazing tear it could be that well let me hit some of the points and then connect to that there were other numbers so cops I think that was the big I number and really kind of surprised eleven percent is huge when your restaurant seven and a half percent of that was on transactions that's more people buy more stuff three and a half percent was on average check with about two and a half of that coming from price increases last year but the fact that they're getting more digital orders and digital orders tend to be larger sized checks for that and that's the the present com is higher than what they've had all year q one ten percent Kutu now eleven present Q. Three though this little certainly make next to your harder harder to beat but that aside the digital thing is really going up they sought eighty eight percent increase in sales of digital orders and now there's like eighteen percent of total sales so that's pretty good and the rewards club is is really beginning to play into that and so they also said they're going to Open some more of there drive through and literally that's drive through you don't stop to order you just try to go and pick up pick up the stuff and that's tied into their didn't digital sales as well but why are the shares down five percent maybe it's well the the the the company's shares have had a fantastic runner up twenty percent since the any of June maybe investors saying hey that was a great quarter thank you very much and could take some money off the table maybe it's a bunch of the analyst not raising their their expectations AH bunch of analysts came out with higher price targets but nobody actually moved there from hold to outperform or market perform. to overweight or whatever the languages but you look at the job that Brian Nickel has done as CEO and Yeah quarter after quarter Cipolla has delivered under his leadership and it may be that the stock has entered that territory that we see from time to time when businesses have a great the three year run and it's essentially this was a phenomenal quarter but it wasn't perfect because now because we're greedy we wanna see you beating on everything and Radi race and guidance headed almost did meet on everything but actually I think I know why the shares were down it was announced that they're limited time Carne Asada meat product it is going to run off November so everyone's disappointed angry and where do you think and again let me just catch Thanks I don't think there's any pressure whatsoever on Brian Nichols given the job that he's done but I'm curious where you think the growth for AAA comes over the next three years because there was a point in this business history when they were doing so well with the namesake concept that people were looking to the shop house Asian cuisine concept as that's where future growth is gonNA come from we're not going to get as many locations as we have AAA but we're going to get you know a few hundred those have essentially been closed down so do they begin to resurrect some of those ideas or do you think it's just more digital more locations and finding ways to bump up the average ticket price I don't think they're going to go into other concepts quite yet of given their experience they're probably a little gun shy right there that might come down that might come to pass down the road I think they're going to push more into digital and get more people ordering in so they can just walk in and walk out and pick up their stuff that as well as the drive through what they call chip Elaine get terrible name right actually it's kind of funny but I mean reaction it's it's it's it's no worse than the estimate forces on us getting the name aside I think that's going to be a really good driver for the company and that means they can open a second product line of just fulfilling orders through that go through more digital sales and as well as having more customers come through the doors so I think that's where the growth is going to be trial various things Carne Asada apparently did very well well are they going to bring in some breakfast at some point probably so I think they're going to continue expanding what they're working on focusing on their cordial police thing and then maybe a few years down the road might start thinking about other concept's

Nike CEO Mark Parker Ceo Of Software Company Kevin Plank John Donahoe Bill Mcdermott SAP Chief Executive Donohoe Three Years Eleven Percent Five Percent Eighty Eight Percent Seven Eight Years Eighteen Percent One Ten Percent Twenty Percent Ten Percent Three Year
Under Armour founder Kevin Plank stepping down as CEO

WBBM Early Afternoon News

00:11 sec | 9 months ago

Under Armour founder Kevin Plank stepping down as CEO

"Under armor founder Kevin plank is stepping down as chief executive after twenty three years at the helm he's handing the job over to Patrick fresco the company's president since twenty

Kevin Plank Chief Executive Patrick Fresco President Trump Founder Twenty Three Years
Under Armour founder Kevin Plank stepping down as CEO

Bloomberg Markets

00:16 sec | 9 months ago

Under Armour founder Kevin Plank stepping down as CEO

"Under armour founder Kevin plank is stepping aside as CEO he's promoting the executive he brought in two years ago during a painful restructuring Patrick Frist was the company's president planks started the athletic apparel company in his grandmother's basement in nineteen ninety

Kevin Plank CEO Executive Patrick Frist Founder President Trump Two Years
"kevin plank" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

03:38 min | 9 months ago

"kevin plank" Discussed on Newsradio 1200 WOAI

"You once before they develop this week virgin galactic has unveiled the jumpsuits that space tourist will be wearing on the flights to the edge of space these new suits are made by under armor and are included in the two hundred and fifty thousand dollar price tag for the flight reports say that the first super Sir Richard Branson was completed last week and it took ten people five days to constructive space trip itself will last about ninety minutes from take off to its gliding landing and the most exciting part of weightlessness will only last between five and eight minutes for more on the story we spoke to Michael sheets is the space reporter at CNBC they are a little bit like jumpsuits their spaces in the text and they are huge that folks will wear as they traded their trips to the end user space and it actually this collection that virgin galactic unveiled it actually the suit itself that people wear and then the training suit what where and even a limited edition jacket so there's a number of little pieces in this collection both Kevin plank the sea of under armour as well as Richard Branson and we're really excited to show it they are wearing these really cool close up look at these crazy futuristic high tech looking boots and they all that together is made in the multiple different under armor technologies some of them that they've developed specifically for virgin galactic in and then we'll be rolling out to the rest of the under armour line in the in the coming years good specifically do look pretty cool there slip on foods they said that the material use for those boots will show up in shoes for football players but those boots do look cool and the people that are going to be going up into space on virgin galactic the tickets are about two hundred and fifty thousand dollars these suits in the booth and everything is all rolled up into that price right Mr collection all those developed after the six hundred some Asheron's that and bought tickets so far these will be included these are all kind of pro bono is the part of the experience virgin galactic really emphasizes a lot on these Asheron's even though the experience lasts only a few minutes on the edge of space the billing tire training regimen which lasts about three days in the flight experience itself that it's all this really amazing mind blowing tell us about under armors involvement in this this is more of a commitment for them to performance sports where I guess the partnership will unveiled back in January but Kevin plank X. to us that this suit was really to take some of their technology they have won this call the yarn that helps muscles were covering uses infrared heat to recover more quickly after exercise and they took some of their coldgear reactor linings that people stay warm and really designed it all together as a part of monetizing this future of apparel technology and as under armors looking to compete against the likes of Nike and adidas and Reebok they really wanted to have something that made them set apart so you can actually buy virgin galactic branded shirts on under armour's website already and Kevin Kline to see was going out that there's a lot more he expects to come out of it because there certainly can be using the car marketing the locally and you got to love Sir Richard Branson in the ranks of other big guys like you on my skin just big personalities all that stuff you know what you're talking about the city says every single person who goes into space will be delighted with it I think the whole experience of going into space to be sexy good on them for making these things they do look great you're listening to the daily diet weekend edition time Oscar Mayer is we'll be right back Hey it's Erin and Harley.

Under Armour beats earnings expectations

MarketFoolery

03:26 min | 1 year ago

Under Armour beats earnings expectations

"Let's begin with Under Armour shares up around four percent at the time of our taping. Now, Andy, I look at the news here better than expected earnings and sales international revenue up twelve percent now. That's the good news North America. Not so great sales down three percent. Yeah. It's right MAC. So sales were up two percent to one point two billion that beat the consensus estimate with earnings per share a little bit. They were expected to be flat, and they were negative last. Year for the first quarter wholesale revenues up five percent direct to consumer guys down six percent, which kind of surprised me North American sales MAC as you said down three percent that seventy percent of their sales. So obviously, pretty important. They're really international twelve percent. Great inventories down twenty four percent which helped their cash flows costs down. So the the cost controls. They cut in salary last year that Kevin plank and his team are kind of implementing here when you're not really growing very fast. If you want to continue to grow your earnings. It was been a rough story here. Stocks down by half of the last three years as a turnaround for armor continues to go forward. They gotta get their cost control me, and they were doing four hundred million of operating profits year ago on five billion assails. Now, they're doing three million sales doing forty million in operating profits trying to get the profit margin picture really right for Under Armour's the story when you're not growing very fast. You gotta get that cost. Picture in line. And they're making some progress there. I think it's there at that point where you're going to invest a lot and try to drive growth or you're going to cost cut exactly like Andy set. So I think there was an attempt to kind of boost awareness, right? Bruce that brand name recognition increase sales. And so maybe they're still going to that process. I'm not entirely sure that it's it's not a success as it stands right now. I think they're still potential there for them to kind of turn this brand around. But I agree that if that doesn't succeed in your only option is to cost cut. I will say footwear where sales up eight percent. That's actually a nice bright sign apparel sales up one percent or so, and that's that's the largest part of the business. So they are seeing some nice little growth year Nike actually had a really nice North America quarter. I think they're up seven percent. So the comparison the competition out there not going away. Certainly so under armor has his work cut out for from for them. But we're starting to see the light. And obviously the stock has done really well over the last this year stocks twenty five percent. So investors are recognized. The work. They have to do, but Kevin plank and his team have to continue to get it. Right. And let's talk about Kevin plank CEO because he said that Under Armour plans to stay true to its performance gear. Despite the fact that athletes are really gaining momentum in the US. And so my question I don't own the stock, but as a potential shareholder or someone looking this company, why wouldn't under armor, just embrace that athletes market. Why think they kinda have I mean Kevin plank started the business into Niles? Yeah. I think he is. I mean, obviously Lululemon lemons really done. Great fantastic job on this in in that regard. And I think Kevin plank sees under armor as a real performance brand. And he doesn't want to try to dilute that by going into the athlete our nomenclature and pushing the performance especially around footwear and around so many other sponsorships continuing to drive that perception that they're all about performance, and he doesn't want to give that up

Kevin Plank North America Andy Nike United States Bruce Niles CEO Twelve Percent Three Percent Twenty Five Percent Twenty Four Percent Seventy Percent Eight Percent Seven Percent Five Percent Four Percent One Percent Six Percent
Under Armour CEO's Unusual Adviser: An MSNBC Anchor

Morning Show with Sean and Frank

00:31 sec | 1 year ago

Under Armour CEO's Unusual Adviser: An MSNBC Anchor

"The Wall Street Journal reporting under armor, CEO, Kevin plank. Saw business advice from MSNBC anchors deputy rule and flew her to Baltimore based company on his private jet newspaper reports current and former executives say there. Close relationship was unusual and problematic. The story says plank took rules advice over management's on matters such as plank joining and then leading President Trump's manufacturing

Kevin Plank The Wall Street Journal Msnbc CEO Baltimore Donald Trump President Trump
"kevin plank" Discussed on Invest Like the Best

Invest Like the Best

02:41 min | 1 year ago

"kevin plank" Discussed on Invest Like the Best

"Imagine like, what am I talking about of heard this from venture capitalists from others that in the consumer world, let's say the non luxury consumer world, I'm curious what you think about luxury brands, but the non luxury consumer brands that it matters less and less because it used to be a trust in search costing. Yeah. Title is a little more expensive. But you're aware that it was good probably in big and safe. There's a safety component related to that trust in that brand. And that with this information deluge, that's no longer as relevant so one, do you agree with that that maybe brand is less important on the consumer side, and for what kinds of company is it more important than it used to be with certain elements? It made it matters less like about say this when I say why Google that versus oh, I'll go to Yahoo or go to being on that let who does that in the case of tied tied. Interesting. I mean, title is hard losing market share really in the two thousand eight crash because of price, but who's come up from behind it like steal share from them, not really too many people. So if there's any entrepreneurs and the detergent business we love to speak to we've looked at a few. But there's a certain point in time where you go. I I love tied as a brand, but you know, what my paycheck's gone down a little bit. So I have to make some sacrifices where those sacrifices come in. We'll come into like baby Tylenol, or we'll come in my laundry detergent will come into like a Pepsi. That's the thing. Like when when people look at trade offs. What will people have not trade off? I remember walking day mice two thousand ten walking the floor of dick sporting goods in Jacksonville, Florida with Kevin plank, founder under armor, and we watched his mother and her child looking at stuff in the under armor section Nike section in this kid went up to this red. Switch mama. I really want this one. And she was looking at started named brand Russell athletic, which was like half the price, and she's like, well this one like, no, I really want this one. Why do you want the one so much more? And he literally said mom because under armor, I can do anything. So what do you do tell your kid? No by this one because it's the same cotton, or whatever, it's no that's the power of like the under armor brand to that kid. But to people in general, it's hard to say over here. They're strong brands into how that's done, but to different people. There's more meaningful once and it comes out based on the category. The use case so many different dynamics come to play. I'm curious how you said, you know, you're going to building brands, so let's walk through that process. So a company comes to you. They've got some product. Let's assume the product is good. But that its undifferentiated from a brand standpoint, what does that process? Look like, how do you start to tease something out? How do you actually build one of folks with early stages? We look at the asset class of upstarts looking to upset the strong brands like a P and G of the world. A lot of stuff starts with the founder, the great thing. Now in especially CPG legacy CPG, it's like CPG companies as great as they are never had direct relationships with consumers..

founder Kevin plank Russell athletic Google Pepsi Yahoo Jacksonville Florida
"kevin plank" Discussed on Invest Like the Best

Invest Like the Best

02:41 min | 1 year ago

"kevin plank" Discussed on Invest Like the Best

"Imagine like, what am I talking about of heard this from venture capitalists from others that in the consumer world, let's say the non luxury consumer world, I'm curious what you think about luxury brands, but the non luxury consumer brands that it matters less and less because it used to be a trust in search costing. Yeah. Title is a little more expensive. But you're aware that it was good probably in big and safe. There's a safety component related to that trust in that brand. And that with this information deluge, that's no longer as relevant so one, do you agree with that that maybe brand is less important on the consumer side, and for what kinds of company is it more important than it used to be with certain elements? It made it matters less like about say this when I say why Google that versus oh, I'll go to Yahoo or go to being on that let who does that in the case of tied tied. Interesting. I mean, title is hard losing market share really in the two thousand eight crash because of price, but who's come up from behind it like steal share from them, not really too many people. So if there's any entrepreneurs and the detergent business we love to speak to we've looked at a few. But there's a certain point in time where you go. I I love tied as a brand, but you know, what my paycheck's gone down a little bit. So I have to make some sacrifices where those sacrifices come in. We'll come into like baby Tylenol, or we'll come in my laundry detergent will come into like a Pepsi. That's the thing. Like when when people look at trade offs. What will people have not trade off? I remember walking day mice two thousand ten walking the floor of dick sporting goods in Jacksonville, Florida with Kevin plank, founder under armor, and we watched his mother and her child looking at stuff in the under armor section Nike section in this kid went up to this red. Switch mama. I really want this one. And she was looking at started named brand Russell athletic, which was like half the price, and she's like, well this one like, no, I really want this one. Why do you want the one so much more? And he literally said mom because under armor, I can do anything. So what do you do tell your kid? No by this one because it's the same cotton, or whatever, it's no that's the power of like the under armor brand to that kid. But to people in general, it's hard to say over here. They're strong brands into how that's done, but to different people. There's more meaningful once and it comes out based on the category. The use case so many different dynamics come to play. I'm curious how you said, you know, you're going to building brands, so let's walk through that process. So a company comes to you. They've got some product. Let's assume the product is good. But that its undifferentiated from a brand standpoint, what does that process? Look like, how do you start to tease something out? How do you actually build one of folks with early stages? We look at the asset class of upstarts looking to upset the strong brands like a P and G of the world. A lot of stuff starts with the founder, the great thing. Now in especially CPG legacy CPG, it's like CPG companies as great as they are never had direct relationships with consumers..

founder Kevin plank Russell athletic Google Pepsi Yahoo Jacksonville Florida
"kevin plank" Discussed on Digiday Podcast

Digiday Podcast

02:07 min | 2 years ago

"kevin plank" Discussed on Digiday Podcast

"Be irrelevant video or else you're not going to be sticking around your office for too long so people they watch it take courses we own winked and learning or linda from called linda so a lot of people watch courses all day where they record their own the talk about how they do what they do there's a lot of that that shows up i'll tell you what does really well for publishers cheddar cheddar does these videos about how things work here's a three d here's a three d printed home and so is that professionally related to sort of is it's about innovation people love watching that i'm not sure if ted talks to all that well well discussing ted does so weird product videos are a bit of an obsession them because they insider does a ton of this or does a lot of those they do really well on linked in i can tell cnbc publishes like eighty videos a day only then it's a lot of just someone talking in front of the cameras saying here's what's going on and it's on mute so there's just words i'll over the screen we do interviews republishing i didn't interview with kevin plank to ceo of under armour and then that video is two different weight as there's two one is this kind of obsession with how people work and what they do and being able to see how people actually work is really interesting too is that there is a lot of people just like consuming information over video and it is i think there's might be generational effect is that true though i i true yeah generally i think video working really well for entertainment for a motive things that's why advertisers love it because they want to they want to create some kind of emotion or feeling but for information the most efficient way of transmitting straight information continues to be text i will i have a thirteen year old son who will spend as much time as we he's not yet spend as much time as he can he's got a he will i would dream about that would be amazing kids out there are setting it's like entrepreneurial exactly watch those vox explainer videos all day long.

linda kevin plank ceo ted cnbc thirteen year
"kevin plank" Discussed on MarketFoolery

MarketFoolery

01:40 min | 2 years ago

"kevin plank" Discussed on MarketFoolery

"I mean you mentioned the the to your chart for dick sporting good not so good similarly with under armour the two year chart not very good although the last six months under armor has started to bounce back i mean it's up about fifty percent now that's obviously off of a pretty ugly low yeah but that that seems like it's bouncing back and if they can if they can have at least operationally another six months like they've had over the past six months and if kevin plank can manage to keep his executive team around him for i don't know let's just call it the entire calendar year that's it seems like that would also be a win this this comes right as we are gearing up for the world cup yes i saw this morning that before the world cup has even been played thirty two teams in the world cup adidas already has claimed a small victory over nike because dita's outfitting twelve of the nations in the world cup nike is outfitting ten before we get to the world cup proper it seems like this is both an opportunity and a challenge for these types of companies because obviously it's great exposure for for i mean lesser for under armor but much more so for a dita's naked it's great exposure opportunities it's also a marketing spend like they're almost always spending more money and sometimes it pays off and sometimes it doesn't and i'm wondering if you if you have any strong feelings about.

kevin plank dita executive six months fifty percent two year
"kevin plank" Discussed on Suiting Up with Paul Rabil

Suiting Up with Paul Rabil

01:34 min | 2 years ago

"kevin plank" Discussed on Suiting Up with Paul Rabil

"My life ninety percent i'm giving away to power the people in that excites me about making more money yeah the having a line of sight on revenue critical and then you've also talked a lot about compassionate capitalism so founders take on the lion's share of of the work product out of the gates they live and operate frugally than they make their first key hires they turned into managers they're responsible from a leadership standpoint of both professional and personal growth of those that they bring on compassionate capitalism feels like it's complementary to all of that you wanna give us a rundown around you know how how you frame it yeah it's a world more than enough i would say challenge yourself i mean if you're gonna think big and you live in a world of more than most entrepreneurs only worry about lunch thing and business to growing the business making more money but it's really a lot like one thing that disappoints me about base is i think he's lost because that's he's literally only thing he's not a compassionate and capitalist he's thinking about how much money i can continue making high can make this grow and what he should be thinking about as challenging himself because he's so brilliant okay how can i not only make money but help people and that's the people most relative to you your family then your employees than your local community like kevin plank is a compassionate capitalism capitalist i love how he's built at around his own he's changed baltimore.

kevin plank baltimore ninety percent
"kevin plank" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

MAD MONEY W/ JIM CRAMER - Full Episode

01:56 min | 2 years ago

"kevin plank" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

"Then there's obvious i still can't believe the stock is barely headed inch of respite from its recent decline i could easily argue that ibm reporter very strong quarter we're following about the fast growing part of the business overtake the slower growing legacy business ibm's got a four percent yield darn thing traits at just ten times earnings but nobody wants it next up this is probably the one that is most upsetting to me goldman sachs this stock has performing so badly it is really hard for me to look at i took off my screen at one point today i know you're a lot of last good quarter chatter this year but you know what i could actually argue this was actually the last bad quarter for these guys and it was still much better than expected now i know isn't alumnus that what goldman sachs does best is navigate fall totally first customers it also has an amazing advisory business and as caught fire here this is goldman's tied yet you really wouldn't know it from watching the share price the fact that the stock of the premier from wall street tells it ten times earnings tells me that something is going very wrong with the way analysts are analyzing this company they had expectations that it would be good it was good and now the hate it okay let's look at this one that's pertinent today under this morning power company gave you clean solid quarter that was right within the parameters of the turnaround that ceo kevin plank predicted the last time he came on the show i think kevin's executing precisely how we should he didn't over promise these night under delivering i know the long knives really after this guy is company and at one point the stock was down more than almost any other stock name in the market but only investor's came to the census which is why this talk of norm actually closed up nicely still the animosity here's pretty insane when the stock was down today i felt like a total dope telling you that the term was on plan when i praised plank on squawk on the street i think though in the end the.

reporter ibm goldman sachs goldman kevin plank ceo four percent
"kevin plank" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

01:56 min | 2 years ago

"kevin plank" Discussed on MAD MONEY W/ JIM CRAMER

"Then there's obvious i still can't believe the stock is barely headed inch of respite from its recent decline i could easily argue that ibm reporter very strong quarter we're following about the fast growing part of the business overtake the slower growing legacy business ibm's got a four percent yield darn thing traits at just ten times earnings but nobody wants it next up this is probably the one that is most upsetting to me goldman sachs this stock has performing so badly it is really hard for me to look at i took off my screen at one point today i know you're a lot of last good quarter chatter this year but you know what i could actually argue this was actually the last bad quarter for these guys and it was still much better than expected now i know isn't alumnus that what goldman sachs does best is navigate fall totally first customers it also has an amazing advisory business and as caught fire here this is goldman's tied yet you really wouldn't know it from watching the share price the fact that the stock of the premier from wall street tells it ten times earnings tells me that something is going very wrong with the way analysts are analyzing this company they had expectations that it would be good it was good and now the hate it okay let's look at this one that's pertinent today under this morning power company gave you clean solid quarter that was right within the parameters of the turnaround that ceo kevin plank predicted the last time he came on the show i think kevin's executing precisely how we should he didn't over promise these night under delivering i know the long knives really after this guy is company and at one point the stock was down more than almost any other stock name in the market but only investor's came to the census which is why this talk of norm actually closed up nicely still the animosity here's pretty insane when the stock was down today i felt like a total dope telling you that the term was on plan when i praised plank on squawk on the street i think though in the end the.

reporter ibm goldman sachs goldman kevin plank ceo four percent
"kevin plank" Discussed on CBS Sports Eye On College Basketball Podcast

CBS Sports Eye On College Basketball Podcast

02:13 min | 2 years ago

"kevin plank" Discussed on CBS Sports Eye On College Basketball Podcast

"Was by just merely decisive being connected to going to maryland and under armor obviously being a maryland school and obvious maryland the biggest under armor school given that's ceo's kevin plank salma modern all that they're not connected to the case explicitly but this is again it's just you step back and you're like okay now this is why we're in this situation to begin with because you have shoe company representatives trying to steer certain players to certain schools so that when they can turn professional they can sign a contract to stay with certain schools let me just read the indictment real quick certain part of it that highlights all this okay because there's a lot it says in around twenty august twenty seventeen guardian one informed cc three which is the coconspirator on identified that guarding one had received illicit payments in return for commitment to steer the student athlete to a university sponsored by rival athletic apparel company according to guardian one the student athlete was more interested in tending university of kansas but guardian one would need to repay the illicit payments in order to do so those are the federal government's findings and writing so what we have there is presumably deceased guardian having taken money from under armour to get him to go to maryland meanwhile genuinely wants to go and attend kansas so it continues cc three and four guardian one in substance that c c three and company one company one is a dita's would be willing to make payments to guardian one to help secure the student athletes commitment to attend the university of kansas cc three subsequently confirmed with james gadoe the defendant that gotta would approve such payments and 'cause company one to fund them then he commits susa does and then here's one more key graph on or about september eleventh two thousand seventeen so to put that timeline your mind that's just over two weeks before we even learned of this entire thing so this this would have been one of the final things as the government is building its case and potentially why we didn't know about the sooner because it was happening so late into the process that they just needed more before they could disclose it publicly as they did finally on tuesday and not back in september that reads on or about september eleventh two thousand seventeen.

maryland ceo kansas susa university of kansas james gadoe two weeks
"kevin plank" Discussed on BizTalk Radio

BizTalk Radio

02:10 min | 2 years ago

"kevin plank" Discussed on BizTalk Radio

"Man really starts from nothing and i just turns forty in february and decided i was ready to take my shot out of coordinates the decade were also well you know a lot of things that you can even be an entrepreneur within a company especially in a startup environment where you're basically doing the definition of an entrepreneur and that's trading something from nothing do you feel like that was the case that you were really exercising those entrepreneur muscles yeah i mean especially on most recently i was at under armor and might the company had worked up four called not my fitness have been acquired by under armor so we were part of a bigger digital technology team with an underarm are and there were a on those amazing entrepreneurial opportunities kevin plank runs on drummer tries to keep it you know a very open an encouraging environment where people that have great ideas can take those and run with them so it was an incredible experience but i don't think there's anything quite like being hunkered down with a couple of people in a basement in a garage and a library in the back your friend studio coming up with ideas on a whiteboard and try to figure it all out from scratch yes so why human coach paul what is that and why we so passionate that you went is this going to be that thing that i stars yeah so um you encode israeli building the next generation of personal 'genomics applications so um people are becoming more and more familiar with what can be done with consumer genomics with companies in the larger companies out there promoting them through big marketing campaigns and we we started to see that my background in digital health and connected fitness i started to see that and got curious and then i'm jennifer because one of our cofounders and about twenty years in the genetics industry working with the companies that actually do genomic sequencing scientists who aren't smell your explain what genetic says it's just all about your dna so these are companies and products that will explore your personal dna and give you insights and outputs about everything from your ancestry in where you're from two um of course diseases for medical purposes and precision medicine or understanding what types of medicines might impact your body in certain ways to even um song things health and wellness related things and so we sort of believe.

paul kevin plank twenty years
"kevin plank" Discussed on Motley Fool Money

Motley Fool Money

01:35 min | 2 years ago

"kevin plank" Discussed on Motley Fool Money

"Uh we we put this on hold in ndp because of this quarter in a lot of red flags that we're seeing in the business right now it's uh in state of chaos and then they kevin planks leadership is being questioned and i think that's a fair point internationally they're doing okay but north america they run into a robust saw in this massive retail shift their whole sale revenue is down thirteen percent you see all this trouble sports authority and dick's sporting goods the investments directtoconsumer or working out for them and that's ultimately what's going to have to lead his business forward but we are looking for some key points here in order to be able to hang onto the stock we want to see that this new leadership team have in place is still the air year from now we want to see that they can really sort of stage the bleeding of this wholesale leak end if they can really work on turning their balance sheet back into a source of strength as opposed to the weakness that it is due to some reckless spending than i think there's there is a light at the end of this tunnel but it's going to take a lotta time for them to get a straight now in a lot of patients from investors it's remarkable to talk today at about kevin plank as a liability wailua i think years for years we kind of said aloud were you buy enron your behind kim the plank he's an owner of founders see you always great greatest been going up against nike succeeding and now it's kinda like well gosh hope here i hope the second to running keep them alive was a real dilemma when we batted this back and forth the added named ep because we said just that we were like plank is a tremendous asset but he's also one of the top three risks in owning the shares in that certainly plane on its own if you're negative under armor maria positive nike as just a matter of a rule.

ndp dick kevin plank kim nike america enron thirteen percent
"kevin plank" Discussed on BizTalk Radio

BizTalk Radio

01:30 min | 2 years ago

"kevin plank" Discussed on BizTalk Radio

"Was employ number five really learned how to build a business how to raise money how to come up with an idea how to sell um brian levin who i worked with a useful networks and incredible marketer this was a guy that helped introduce jaeger maestre to the us and is an incredibly creative and daring marketer and then more recently um working with robin thurston about my fitness incredible mentor even working with kevin plank at under armor which was fortunate to do he's been is one of the greatest entrepreneurs of all time and he took a very active interest in the work that we were doing so that those groups those folks have been incredibly i'm instrumental much micro owes you say has been one of the schemes that you've learned from these mentors wedge unite standing being successful i think the sense of cyrila snus this is a common thread in that um everyone get scared everyone faces tough situations um but you've got to plough through you've got a know who to lean on you've got to have a team of people to pull you through but in each of them i think in their own ways um has a way of ceasing really toss or really new situations with a lot of confidence it's only she says it's you prefer week like radio uh so far in the first five months we've really been pretty heads down just building the products so i'm coming in the first couple months was recruiting on boarding people helping explained the vision finding office space getting snacks taking the trash out doing all all of those on things but the last you must have really been focusing on product like i'll take.

brian levin us robin thurston kevin plank jaeger five months
"kevin plank" Discussed on MarketFoolery

MarketFoolery

01:35 min | 2 years ago

"kevin plank" Discussed on MarketFoolery

"Will they lowered their guidance for 2017 as a whole and i think that implies that sales will continue dropping at least for another quarter to and potentially longer since they are still very much hinged the north american market which they expect to have headwinds for for a while so right now even how the stock has has been dropping pretty much like a rock over the past year plus the pml toll still above thirty three uh so there's still a premium uh that that investors are paying for the shares today even after today's drop and i think i think will drop further from here i think if you're a shareholder in an arm or leg i am i think holding on today is fine i think you're interested in buying more wait till this thing actually turns i mean you're going to try to bottom fish this thing probably for the next year and it's me really hard and we could see more lows but i would just say once it turns and you know you have one or two quarters of good results growth is returning tractions back in the business that's when you wanna jump and don't worry about catching the bottom wait for the you might miss 23 percent on the upside but if this thing does turn it's going to be a pretty it's gonna be good stuck down yet i think uh kevin plank in in this whole management team that this is a very much a humbling year to that they've gone through and will continue to go through it and you know they brought on a new chief operating officer he's really trying to bring more discipline and efficiency to to the business whether you're talking about manufacturing distribution retail all all those things so ideally the company will come out of this stronger but it will take a few kurdish to get to that point third quarter revenue for shop of i was up seventy two percent.

kevin plank chief operating officer north american seventy two percent two quarters 23 percent
"kevin plank" Discussed on WCBM 680 AM

WCBM 680 AM

01:51 min | 3 years ago

"kevin plank" Discussed on WCBM 680 AM

"Millions of dollars to find jobs for baltimore city residents why isn't kevin plank worrying about baltimore county why isn't helping baltimore county why isn't the county executives and some of the leaders of monomer county saying help us come out here kevin plight come out here be jeannie come out here mccormick come out to baltimore county take care of our children help our recreation centers now it's w we're not we're not on the radar screen i'm telling you we are second class citizens and then you have goldman sachs and bloomberg for lamm through freeze investing ten million dollars ten million dollars to promote small business guess where you guest baltimore city not bottom accounting and they want the bottom county community college to help them out give me a break my community college our community college is not helping baltimore city they have their own community college we are not helping them to create jobs in baltimore city baltimore county has got to be competitive with baltimore city we're not going to just stick our hand out and give them money all the time now give you another example this is the best one amazon big old amazon they're looking for a place to put a plant and a headquarters that will employ fifty thousand people you heard me i said it fifty thousand people this is a gigantic project so jeff bezos who also owns the washington post the liberal washington post he's a liberal wacko he's a radical left the made a lot of money in the capitalist system once obese socialis got my money don't need you to.

baltimore county goldman sachs bloomberg lamm community college washington post baltimore kevin jeannie mccormick amazon jeff bezos washington ten million dollars
"kevin plank" Discussed on Knowledge@Wharton

Knowledge@Wharton

02:00 min | 3 years ago

"kevin plank" Discussed on Knowledge@Wharton

"I i guess to a degree it is also a little surprised jeff that that under armor a kevin plank made the move that he did because kevin plank has come out in the interviews and been supportive of president trump yet he also has had the issues within his own company steph curry who plays in the nba for the golden state warriors has made it wellknown are made a wellknown in the past his thoughts on plying supporting trump and uh steph curry plus applauded this move on social media the other day so i think he caught a little bit some people off guard that that kevin plank made this move jeff it maybe it it did kevin plank cub did get a lot of blowback for being publicly supportive of this decidedly of early three the re image being a a very pro business commander in chief of somebody who is of the icao unless you can harry truman as a as a former haberdasher is really the first business leader uh to become a commander in chief people were things you ask about that but that also includes some who've been walking off the border been critical right now such as ken fraser of american frasure was also very supportive of uh of wants the president does stepped into office that uh and they have high hopes on a lot of economic change that was going to come their way they aren't seeing a lot of it happened uh they're seeing a lot of uh brush fires a lot of for these uh uh on planned or who knows is forced errors of it and the selfimmolation is thrown many of them off but uh i a none of these people work trump detect detractors that the joined the board and uh they all where's uh join these boards with a sense of patriotism and enthusiasm so uh but they are they are leaving a discouraged in those that are staying are are very guarded right now is just since mid uh uh afternoon yesterday till now i've heard from 2007 fortune 500 ceos uh the some deciding that they were leaving a some not sure but a 100 percent of them.

jeff kevin plank steph curry nba social media ken fraser president commander in chief harry truman 100 percent
"kevin plank" Discussed on Super Station 101

Super Station 101

01:31 min | 3 years ago

"kevin plank" Discussed on Super Station 101

"To the laura ingraham show eight five five forty laura so the under armor ceo kevin plank why heard was pretty conservative now stomping his feet and leaving name manufacturing council of of president trump and okay kevin isn't a stock price down i always thought the under armor stuff is a total rip off i have to say at my kids like i want under onerous like what part of no do you understand we'll get cheap for suffering kidney under are so expensive they've they built a great company but they've they've been suffering in their in their company this year look i'm not crying tears for him but kevin plank well what does he accomplished well the under armor stuff saw made in china as most clothing is made in china couple of clothing manufacturers i noted when i was out in wyoming there was a company called warm e v o r v o r m i that is a small clothing manufacturer for kind of high tech hiking scheme that kind of thing from colorado really cool close them in their little pricey but there there always going to be more expensive made in the united states but talk about great quality but kevin plank left don't let the doorknob hit you the mark seay i love trump hits the marks the ill timed to lower drug prices rao you rip off drug companies leghold about the vowed time let's really work on getting the price of healthcare down these big pharma's cashing in big time walter isaacson is going to join us don't go away two.

laura kevin plank china colorado united states walter isaacson laura ingraham ceo president wyoming
"kevin plank" Discussed on The Right Time with Bomani Jones

The Right Time with Bomani Jones

01:51 min | 3 years ago

"kevin plank" Discussed on The Right Time with Bomani Jones

"That zebra with the other with the funny look at things right yeah that logic that thing is simply gonna jump shot neither were removed skills man i had an serious than i had this conversation with kevin plank cofounder monitor armor years ago with the spc and he asked the question if our if our star athletes played soccer how good widow whacko how good coop could we be and i was like best in world but our star athlete you're never going to play soccer now that they just heard that number yeah eight years there the kid is thirteen gilman a hell with football club baseball i'm playing soccer by by the leo messy rinaldo avid balch clause of one billion dollars because they're owned by group of investors from qatar did you see it to be one billion not m b i'm going down a worker my daughter right now hang on yard man films on her to get goalie she's that'd be great corona memorize it helps cover the efforts him at the right time if the mighty ourselves reid said who is not that injured but that's next on espn radio thanks for listening to the right time podcast please come that tomorrow for more info forget to listen to the right time with money jones from four m to 700 eastern on espn radio and the espn pnf okay kevin to the grand prize of one million dollars what color here's has white house i know this is this i know this book on five seconds oh switching to gaiko can save you bunch of money on car insurance okay judge yes that's true kevin durant relations yaro kyko because saving fifteen percent or more on car insurance is always a great answer.

soccer qatar jones kevin kevin plank football reid espn kevin durant one billion dollars one million dollars fifteen percent five seconds eight years four m