Company Earnings Update 3 minutesRegister for Free AccessUnder Armour (UAA) 2Q17 Results: Company Lowers Outlook, Announces Restructuring Plan to Increase Digital Capability and Speed to Market Coresight Research August 2, 2017 Executive Summary Under Armour reported 2Q17 adjusted EPS of $(0.03), versus consensus expectations of $(0.06). Total revenues were $1.09 billion, ahead of the $1.08 billion consensus estimate, and were up 8.7% year over year. Wholesale revenues were up 3%, to $655 million, reflecting strength in the company’s International business that was partially offset by a 0.3% decrease in its North American business. By product type, apparel revenues increased by 11%, to $681 million, driven by men’s and women’s training apparel and golf apparel. Footwear revenues were down 2%, to $237 million, following a 58% increase in the second quarter of last year. The company lowered its FY17 revenue guidance to 9%–11% from 11%–12% previously. Under Armour now expects full-year revenues of $5.25–$5.36 billion, versus consensus of $5.34 billion. The company expects FY17 EPS of $0.37–$0.40, below the $0.42 consensus estimate. Under Armour unveiled a restructuring plan to cut costs. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Retail-Tech Landscape: Retail MediaEconomic and Financial Sentiment Hit Six-Month High: China Consumer Survey InsightsSocial Splurge—Consumers Get Out and About During Memorial Day Weekend: US Consumer Survey InsightsInnovator Profile: Optiversal Uses Generative AI To Create E-Commerce Content That Resonates with a Brand’s Audience