Under Armour (UA) slides as guidance disappoints
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Under Armour expects dull annual sales, profit as demand slows
May 9, 2023 7:12 AM EDTBy Granth Vanaik
(Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street estimates on Tuesday, signaling that stubborn inflation was hurting demand and higher discounts were eroding profit margins, sending the apparel maker's shares down 4%.
Cost-conscious consumers have been restricting their spending on discretionary products such as home goods, apparel and electronics to focus more on essentials amid higher interest rates and rentals.
... MoreUnder Armour Inc (UAA) Tops Q1 EPS by 3c
May 9, 2023 6:58 AM EDTUnder Armour Inc (NYSE: UAA) reported Q1 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.
GUIDANCE:
Under Armour Inc sees FY2023 EPS of $0.47-$0.51, versus the... More
Under Armour (UA) Tops Q1 EPS by 3c
May 9, 2023 6:57 AM EDTUnder Armour (NYSE: UA) reported Q1 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.
GUIDANCE:
Under Armour sees FY2023 EPS of $0.47-$0.51, versus the consensus of... More
Under Armour, Inc. (UAA) PT Lowered to $12 at Deutsche Bank
May 5, 2023 6:00 AM EDTDeutsche Bank analyst Paul Trussell lowered the price target on Under Armour, Inc. (NYSE: UAA) to $12.00 (from $14.00) while maintaining a Buy rating.... More
