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Under Armour (UAA) 1Q18 Results: Beats Revenue Estimates on Strong International Sales, Reaffirms FY18 Guidance

Coresight Research

Key Points

  • Under Armour reported 1Q18 adjusted EPS of $0.00, ahead of the $(0.05) consensus estimate. Total revenues were $1.19 billion, beating the $1.12 billion consensus estimate and up 5.9% year over year.
  • North America revenues, which make up more than three-quarters of overall revenues, were down 0.4% in the quarter. International revenues reflected continued strong momentum and were up 27% year over year, representing 24% of total revenues.
  • The company reaffirmed its FY18 adjusted EPS guidance of $0.14–$0.19, versus the consensus estimate of $0.18. The company expects revenues to increase by low single digits, reflecting a mid-single-digit decline in the North America business and international growth of more than 25%. The consensus estimate calls for revenues of $5.11 billion, reflecting 2.8% growth.

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