Company Earnings Update 3 minutesRegister for Free AccessUnder Armour (UAA) 4Q16 Results: Big Miss, Slowing Growth, CFO Departure Coresight Research February 1, 2017 Executive Summary Under Armour reported 4Q16 adjusted EPS of $0.23, down from $0.24 in the year-ago quarter and missing the consensus estimate by $0.02. Revenues were $1.31 billion, up 11.7% year over year but also missing the consensus estimate, which called for revenues of $1.41 billion. Management commented that numerous challenges and disruptions in North American retail had tempered the company’s results. Footwear revenues increased by 36.4%, to $228 million, driven by accelerated growth in the running and basketball categories. Apparel revenues increased by 7.4%, to $929 million, driven by strength in the golf and basketball categories. For 2017, Under Armour expects revenue to grow by 11%–12%, to nearly $5.4 billion, which is below the consensus estimate of $6.06 billion. Separately, the company announced that its CFO, Chip Molloy, has decided to leave the company due to personal reasons and that David Bergman, SVP, Corporate Finance, will serve as acting CFO. 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: May 2023 US Retail Traffic and In-Store Metrics: Recovery of Store-Based Sales Progresses as Year-Over-Year Declines SoftenRetail 2024: Five Forces and Five Trends Impacting US RetailConsumer Activity Declines While Shopping Stays Steady: US Consumer Tracker 2023, Week 35Groceryshop 2023 Day Three: Opportunities in Grocery in 2023 and Beyond