Company Earnings Update 3 minutesRegister for Free AccessUnder Armour (UAA) 2Q17 Results: Company Lowers Outlook, Announces Restructuring Plan to Increase Digital Capability and Speed to Market Coresight Research August 2, 2017 Executive Summary Under Armour reported 2Q17 adjusted EPS of $(0.03), versus consensus expectations of $(0.06). Total revenues were $1.09 billion, ahead of the $1.08 billion consensus estimate, and were up 8.7% year over year. Wholesale revenues were up 3%, to $655 million, reflecting strength in the company’s International business that was partially offset by a 0.3% decrease in its North American business. By product type, apparel revenues increased by 11%, to $681 million, driven by men’s and women’s training apparel and golf apparel. Footwear revenues were down 2%, to $237 million, following a 58% increase in the second quarter of last year. The company lowered its FY17 revenue guidance to 9%–11% from 11%–12% previously. Under Armour now expects full-year revenues of $5.25–$5.36 billion, versus consensus of $5.34 billion. The company expects FY17 EPS of $0.37–$0.40, below the $0.42 consensus estimate. Under Armour unveiled a restructuring plan to cut costs. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Innovator Matrix: Workforce ManagementBed Bath & Beyond: What Went Wrong?Analyst Corner—The Horrors of Hidden Fees, with John Harmon: Layers of Charges Are Pinching Consumers’ Stretched WalletsShoptalk 2023 Day Four: AI, Engagement and Omnichannel Dominate Discussions