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

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.