Company Earnings Update 3 minutesRegister for Free AccessUnder Armour (UAA) 3Q17 Results: Revenues Miss Estimates amid Weak North American Sales; Company Lowers FY17 Outlook Coresight Research November 1, 2017 Executive Summary Under Armour reported 3Q17 adjusted EPS of $0.22, versus consensus expectations of $0.19. Total revenues were $1.41 billion, below the $1.49 billion consensus estimate and down 4.5% year over year. Wholesale revenues were down 13%, to $880 million, reflecting lower sales of athletic apparel, outdoor gear and basketball footwear in North America, which were partially offset by strength in the company’s International and direct-to-consumer businesses. By product type, apparel revenues decreased by 8%, to $939 million, driven by declines in the outdoor, women’s training and youth subcategories. Footwear revenues were up 2%, to $285 million. The company lowered its FY17 revenue guidance and now expects revenues to increase by low single digits, versus 9%–11% previously. Under Armour expects full-year revenues of $4.85–$5.04 billion, versus consensus of $5.19 billion. The company expects FY17 adjusted EPS of $0.18–$0.20, down from $0.37–$0.40 previously and below the $0.37 consensus estimate. 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: NextGen Commerce—Event Insights: Revolutionizing Retail Through AIJuly 2023 UK Retail Sales: Wet Weather Slows Retail Sales Growth1Q23 US Retail Inventory Tracker: Inventory Turnover Ratios Further Improve for Many RetailersInnovator Profile: Kodif—Transforming Customer Support with AI-Powered Automation