Under Armour (UA) (UAA) shares were down by double digits in early trading as the companyâs warning about higher costs and its impact on its profit margin this year spooked investors and overshadowed better-than-feared results for the To ensure this doesnât happen in the future,…
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Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Quick Insights Under Armour lowered its expected gross margin improvement to 170â220 basis points from 220â270 basis points, citing fuel and freight costs, inventory actions, and foreign exchange headwinds. The company expects adjusted EPS of 8â12 cents and unadjusted EPS ranging from a 2-cent loss to a 2-cent profit.
Adjusted operating income guidance is unchanged at $140 million to $160 million. Revenue fell 7% year over year but beat estimates by $20 million. Adjusted results broke even, better than expectations for a 1-cent-per-share loss, and sales in North America, EMEA, and Latin America were better than feared