Under Armour (UA) Gains Following Strong Q2 Results, Improved Outlook; Traders Eye NIKE (NKE) Following Results
Earlier, Under Armour reported Q2 EPS of $0.07 with revenue of $784 million, which compared with consensus estimates calling for EPS of $0.05 and revenue of $762.2 million. The company also said it sees FY15 revenue of $3.84 billion, versus prior guidance of $3.78 billion and the consensus of $3.83 billion.
Shares of UA are up nearly 32 percent for 2015 and over 48 percent from the same period last year. The company has gotten a recent boost from golfer Justin Spieth, who won both the Masters and U.S. Open tournaments this year, and also won the John Deere Classic ahead of this year's U.S. Open. Speith tied for fourth at the British Open.
The company also counts football's Tom Brady, ballerina Misty Copeland, and Stephen Curry as its sponsees.
With today's release, UA COO/CFO Brad Dickerson commented, The ongoing strength of our Brand and execution of our business plan give us confidence in raising our full year top line outlook. In addition, the confluence of our sports marketing success stories has provided a unique opportunity to drive investment toward areas that we see are key to long-term sustainable growth and we plan to take advantage of this dynamic in the back half of 2015. At the same time, we are increasing our focus on developing sustainable business process improvements and better connecting the components of our value chain to more fully capitalize on our Brand's momentum each season going forward. We look forward to discussing these initiatives and our longer-term business plan in greater detail at our Investor Day on September 16th.
Traders will also be keeping an eye on peer NIKE following the strong results from Under Armour.
For a complete list of Under Armour results over the last five-plus years, click here.
