Under Armour (NYSE: UA) reported Q4 EPS of $0.14, $0.07 better than the analyst estimate of $0.07. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.48 billion.

GUIDANCE:

Under Armour sees Q1 2022 EPS of $0.02-$0.03, versus the consensus of $0.14.

• Revenue is expected to increase at a mid-single-digit rate compared to the previous expectation of a low single-digit rate increase. This expectation includes approximately 10 percentage points of headwinds related to reductions in our spring-summer 2022 order book from supply constraints associated with ongoing COVID-19 pandemic impacts.
• Gross margin is expected to be down 200 basis points compared to the prior year period's adjusted gross margin. This expectation includes approximately 240 basis points of negative impact due to higher freight expenses resulting from ongoing COVID-19 supply chain challenges in addition to unfavorable sales mix, partially offset by pricing benefits.
• Operating income is expected to reach approximately $30 million to $35 million.
• Diluted earnings per share are expected to be $0.02 to $0.03.

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