IMMEDIATE CALL POSTMORTEMS
The first take, while it still matters.
After earnings, most sell-side research takes a day or more to publish, and much of it repeats the press release. An Immediate Call Postmortem is our unfiltered first read: posted on X within minutes of the call ending, then archived here and on Substack. It’s free, it’s short, and it focuses on what actually changed. We only write one when a call gives us something worth saying, and a much more thoughtful Upon Further Review report tends to follow within 3–5 business days.
Why speed matters: read Confessions of a Sell-Side Analyst →
Under Armour 4Q26 Immediate Call Postmortem
Is Kevin intentionally trying to sink the stock price to take the company private? He sounded more clinical on this call (normally more inspirational), like he was just checking the boxes on what he needs to say so he can move on to whatever else he needs to do today.
Under Armour 3Q26 Immediate Call Postmortem
Kevin talked about the one-off items as “frustrating”. Shareholders are way past that word when talking about this company.
Under Armour 2Q26 Immediate Call Postmortem
Kevin is talking more about innovation this quarter than we have heard in quite a long time. Of course, he had to bring up the backpack again but this time around he added a lot of other products and even started talking about the NEOLAST technology they have had a partnership with for past year (lead times).
Under Armour 1Q26 Immediate Call Postmortem
Kevin brought up a lot of gross margin drivers that we continue to not see the impact of yet. Have cut SKU’s by 25%.