Under Armour (UA) Tops Q4 EPS by 2c, FY16 Guidance Beats Estimates

Under Armour (NYSE: UA) reported Q4 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

Under Armour sees FY2016 revenue of $4.95 billion, versus the consensus of $4.90 billion.

Mr. Plank added, "In 2016 we celebrate our 20th year in business. We started by redefining the sports apparel industry through performance fabrics and today we are raising the bar for what athletes expect across all of their health & fitness needs. Our footwear business, driven by the outstanding success of our signature Curry basketball line, will deliver new iterations of signature product across premium price points and distribution throughout the year. Our momentum in footwear extends across categories, including elevated running styles where we are doubling our offerings priced above $100 including the launch of our first smart shoe, SpeedForm Gemini 2 RE, and SpeedForm Slingshot, made with a 3D knitting process to deliver incredible fit and feel. In apparel, we will continue to lead with purposeful innovation through the debut of two new HeatGear® apparel cooling technologies, Microthread and CoolSwitch, while also launching a proprietary ColdGear® insulation story called Reactor."

"In Connected Fitness, we ended 2015 with nearly 160 million unique registered users across our platform that logged nearly 8 billion foods and 2 billion activities during the year. Earlier this month at the Consumer Electronics Show, we unveiled the new UA Record, the digital dashboard app for your health & fitness, and a suite of new products led by Under Armour HealthBox, the world's first complete Connected Fitness system. Working seamlessly together, these products create the framework for all athletes to measure their health & fitness. Now with a more complete picture of our consumer, we are establishing our data-driven math house that will provide us with real-time information to make better decisions and build even better products. More importantly, it will provide deeper insights, recommendations, and personalized content to empower consumers to live healthier lives."

Mr. Plank concluded, "The Under Armour brand has built tremendous equity over the past 20 years and our financial results are a reflection of that strength. Quarter after quarter, year after year, we continue to post meaningful growth across our core businesses with significant opportunity to grow as we diversify both our product portfolio and our geographic reach. From shirts and shoes to your connected life, Under Armour will continue to be a leader in innovation to make all athletes better and redefine expectations for what a sports brand should be."

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