Under Armour (NYSE: UA) reported Q4 EPS of $0.19, $0.08 better than the analyst estimate of $0.11. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.5 billion.

Key points related to Under Armour's fiscal year 2024 outlook include:

Revenue is expected to be down 3 to 4 percent, tightening the previous expectation of a 2 to 4 percent decline.
Gross margin is expected to be up 120 to 130 basis points, an increase from the prior expectation of a 100 to 125 basis point increase.
Selling, general & administrative expenses are unchanged from the previous expectation of \"flat to down slightly.\"
Operating income is expected to reach $287 million to $297 million. Excluding the company\'s litigation reserve, adjusted operating income is expected to be $310 million to $320 million.
Diluted earnings per share is expected to be $0.57 to $0.59 which includes $0.12 of after-tax benefit from the company\'s final earn-out in connection with the sale of the MyFitnessPal platform and $0.05 of negative impact from the company\'s litigation reserve. Excluding these net positive impacts of $0.07, the company expects its adjusted diluted earnings per share to be $0.50 to $0.52.
Capital expenditures are now expected to reach between $210 million and $230 million versus the previous expectation of $230 million and $250 million.

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