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Company Earning Updates 3 minutes premium

Under Armour (UAA) 2Q18 Results: Beats on Revenue and Continues SKU Rationalization

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Coresight Research

Key Points

  • Under Armour reported 2Q18 adjusted EPS of $(0.08), in line with the consensus estimate. Total revenues were $1.17 billion, beating the $1.15 billion consensus estimate and up 7.7% year over year.
  • Apparel revenues rose by 10%, to $747 million, driven by strength in the training and running categories. Footwear revenues were up 15%, to $271 million, led by strength in the running and team sports categories.
  • Under Armour reaffirmed its FY18 adjusted EPS guidance of $0.14–$0.19, versus the consensus estimate of $0.18. The company guided for revenues to increase by 3%–4%, reflecting expectations of a low- to mid-single-digit decline in North America and international growth of greater than 25%.
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