Under Armour Inc (UAA) Tops Q4 EPS by 19c, Offers FY Guidance
Under Armour Inc (NYSE: UAA) reported Q4 EPS of $0.12, $0.19 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.26 billion.
GUIDANCE:
Under Armour Inc sees FY2021 EPS of $0.12-$0.14, versus the consensus of $0.13.
- Revenue is expected to be up at a high-single-digit percentage rate, reflecting a high single-digit growth rate in North America and a high-teens growth rate in the international business.
- Gross margin is expected to be up slightly versus the prior year adjusted gross margin rate of 48.6 with benefits from pricing and supply chain efficiency, being largely offset by the sale of MyFitnessPal, which was a high gross margin business.
- Operating income is expected to reach $5 million to $25 million. Excluding the impact of continued restructuring efforts, adjusted operating income is expected to reach $130 million to $150 million.
- Diluted loss per share is expected to be about $0.18 to $0.20 and adjusted diluted earnings per share is expected to be in the range of $0.12 to $0.14.
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