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Company Earnings Update

Under Armour (NYSE: UAA) 2Q19 Results: North America Revenue Declines, Company Updates Outlook for FY19

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Coresight Research

Key Points

  • Under Armour reported 2Q19 sales of $1.19 billion, behind of the consensus estimate of $1.20 billion, and EPS of $(0.04), beating the consensus estimate of $(0.05).
  • Gross margin expanded 170 basis points to 46.5%.
  • For FY19, the company updated its guidance on operating metrics but maintained revenue growth of 3-4% and EPS of $0.33-0.34.

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