Under Armour (UA) Tops Q2 EPS by 1c; Boosts FY14 Revs Outlook

Under Armour (NYSE: UA) reported Q2 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $610 million versus the consensus estimate of $572.47 million.

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "The broad-based momentum that we have been experiencing recently showed no signs of stopping during the second quarter. While we continued to add more dimension to our largest growth driver in Apparel, we were particularly encouraged by the brand response we are seeing in both our Footwear and International businesses. From our latest pinnacle football cleat, the Highlight ClutchFit, to the successful SpeedForm running initiative, our footwear is clearly resonating with consumers and we are well positioned to expand these platforms in the seasons ahead. In International, we are executing in all regions and are proud of key second quarter milestones such as our initial product launch in Brasil and partnering with key distributors to open the first Brand House stores in Panama, the Philippines and Singapore."

Under Armour sees FY2014 revenue of $2.98 - $3.00 billion, versus prior guidance of $2.88 - $2.91 billion and the consensus of $2.93 billion.

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

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