Under Armour (NYSE: UAA) 4Q18 Results: Revenue and EPS Beat Consensus Estimates; Company Maintains Outlook for FY19

Key Points

• Under Armour reported 4Q18 sales of $1.39 billion, beating the consensus estimate of $1.38 billion; and, $0.09 adjusted EPS, beating the consensus estimate of $0.04.
• Sales from apparel and footwear missed the consensus estimates. But accessories, licensing and connected fitness revenues beat the consensus estimates.
• For FY19, the company expects revenue growth to be 3-4%, reflecting an anticipated low-double-digit percentage increase in its international business, offset by relatively flat results for North America. The company expects to report EPS of $0.31-0.33 in FY19.