Under Armour Earnings: Here’s Why Investors are Buying Shares Now
Under Armour, Inc. (NYSE:UA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4%.
Under Armour, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 50% to $0.07 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 22.79% to $472 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Under Armour, Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $467.57 million.
Quoting Management: Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, “In the first quarter, we drove growth in excess of 20% for the 12th consecutive quarter in total revenues and the 14th consecutive quarter in apparel revenues. This growth is the direct result of our enhanced design and innovation, including new and improved HeatGear Sonic Baselayer and the attention-grabbing UA Alter Ego line, featuring iconic superheroes such as Batman and Superman. Our Youth product is stronger than ever and we continue to see traction with our expanded Women’s lines in Studio and ArmourBra. Momentum is also evident in Footwear with solid sell through of our latest product in the running platform, Spine Venom.”
Key Stats (on next page)…