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Under Armour (UA) 3Q18 Results: Restructuring On Track, EPS Beat Consensus

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Coresight Research

Key Points

  • Under Armour’s international and apparel segment sales drove 3Q revenue growth, up mid-teens and 4.2%, respectively. Adjusted EPS of $0.25 beat the consensus estimate of $0.12.
  • North America sales declined 1.6% and segment profits rose 17.7%.
  • Adjusted operating income guidance was lifted to $150–$165 million and adjusted EPS guidance was lifted to$0.19–$0.22, from $0.16–$0.19.
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