Under Armour (UA) Tops Q3 EPS by 11c; updates outlook

Under Armour (NYSE: UA) reported Q3 EPS of $0.30, $0.11 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.38 billion.

GUIDANCE:

Under Armour sees FY2024 EPS of $0.24-$0.27, versus the consensus of $0.22.

Revenue is expected to decline at a low double-digit percentage rate. This includes a 14 to 16 percent decline in North America as the company works to reset this business. The company also expects a low single-digit percent decline in its international business, with flat results in EMEA offset by a high single-digit decline in its Asia-Pacific business due to macroeconomic pressures.

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

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