Under Armour (UA) Offers Q4, Medium-Term Guidance

October 25, 2016 8:26 AM EDT

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Under Armour (NYSE: UA) sees Q4 revenue up about 20 percent, gross margin relatively unchanged, and operating income in the range of $186 - $191 million. Revenue is expected to be up 20 percent, versus consensus expectations of 22 percent growth.

The company is targeting revenue growth consistently in the low-20 percent rage for FY17/FY18. Operating income is expected to be up in the mid-teens range over the next two years.

The company says it is on track to achieve revenue of $7.5 billion in FY18.

Comments were made on the company's quarterly conference call this morning.

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