Under Armour (UA) Misses Q2 EPS by 1c

Under Armour (NYSE: UA) reported Q2 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $1.0 billion versus the consensus estimate of $995.14 million.

During the second quarter, wholesale net revenues grew 27% year-over-year to $635 million compared to $501 million in the prior year's period, while Direct-to-Consumer net revenues grew 28% year-over-year to $321 million compared to $251 million in the prior year's period. North America net revenues for the second quarter grew 22% year-over-year. International net revenues, which represented 15% of total net revenues for the second quarter, grew 68% year-over-year, or 72% on a currency neutral basis.

Within product categories, apparel net revenues increased 19% to $613 million compared with $515 million in the same period of the prior year, led by growth in men's training, women's training and golf. Footwear net revenues increased 58% to $243 million from $154 million in the prior year's period, primarily reflecting the continued success of the basketball category led by the Curry signature basketball line as well as growth in running and cleated categories. Accessories net revenues increased 21% to $101 million from $83 million in the prior year's period, driven primarily by growth in bags and headwear.

GUIDANCE:

Under Armour sees FY2016 revenue of $4.925 million.

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

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Edwards Lifesciences (EW) Tops Q1 EPS by 2c; offers guidance
• Minerals Technologies (MTX) Tops Q1 EPS by 16c