Under Armour (UA) Tops Q1 EPS by 6c, Maintains FY Guidance

Under Armour (NYSE: UA) (NYSE: UAA) reported Q1 EPS of $0.00, $0.06 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

Under Armour sees FY2018 EPS of $0.14-$0.19, versus the consensus of $0.17.

There are no changes to the company's full year 2018 outlook provided on February 13, 2018:

• Net revenue is expected to be up at a low single-digit percentage rate reflecting a mid-single-digit decline in North America and international growth of greater than 25 percent.
• Gross margin is expected to increase approximately 50 basis points to 45.5 percent due to benefits from lower planned promotional activity, product costs, channel mix and changes in foreign currency.
• Operating income is expected to reach $20 million to $30 million. Excluding the impact of continued restructuring efforts, adjusted operating income is expected to be $130 million to $160 million.
• Interest and other expense net is planned at approximately $45 million.
• Excluding the impact of the restructuring efforts, adjusted diluted earnings per share is expected to be in the range of $0.14 to $0.19; and,
• Capital expenditures are planned at approximately $225 million compared with $275 million in 2017.

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

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