Under Armour (UA) Affirms FY16 Guidance Amid Sports Authority Bankruptcy

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Go back to Under Armour (UA) Affirms FY16 Guidance Amid Sports Authority Bankruptcy

Under Armour Reiterates Outlook For 2016 Following Announcement Of Sports Authority Bankruptcy

March 4, 2016 8:30 AM EST

BALTIMORE, March 4, 2016 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA) today announced that it is reiterating its previously issued outlook for 2016 following the recent announcement by The Sports Authority of its commencement of a pre-arranged chapter 11 bankruptcy restructuring. 

Based on current visibility, the Company continues to expect 2016 net revenues of approximately $4.95 billion, representing growth of 25% over 2015, and 2016 operating income of approximately $503... More