Under Armour (UA) Tops Q2 EPS by 9c; offers guidance

Under Armour (NYSE: UA) reported Q2 EPS of $0.01, $0.09 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.14 billion.

GUIDANCE:

Under Armour sees FY2024 EPS of $0.19-$0.22, versus the consensus of $0.20.

"Revenue is expected to be down at a low double-digit percentage rate. This includes an expected 14 to 16 percent decline (previously a 15 to 17 percent decline) in North America as the company works to reset this business meaningfully and a low-single-digit percent decline in its international business, including flat results in EMEA offset by a high-single-digit decline in its Asia-Pacific business due to developing macroeconomic pressures."

For earnings history and earnings-related data on Under Armour (UA) click here.

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